# @iamDCinvestor: why JP Morgan opposes crypto and the USD system

Source: https://vxtwitter.com/iamDCinvestor/status/1928671301721534888

## Summary

JP Morgan opposes crypto because its business model depends on the US dollar's reserve currency status, according to the post's author, @iamDCinvestor. The post argues that anything moving that demand onto public ledgers or reducing it through alternative stores of value is bearish for the bank. It adds that this is why JP Morgan publicly says it opposes crypto.

## Article

most people reading this don’t understand JP Morgan. they are not like any other bank. they are most important bank in the world, anointed by the US

their entire business model relies on USD being the reserve currency. and anything which takes that demand out of their systems and onto public ledgers, or reduces it with alternative stores of value, is net bearish for them

that’s why they’ll always say they are against crypto