Jamie Dimon Is An Idiot?

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gm Cousins!

Here’s what we have in store today:

🧐 Is Jamie Dimon and idiot?
📉 Why is BTC dropping after approval?
👀 Crypto Update
🚩 Forex Update
🐦 Tweet of the day

Before we get into Cousins’ segment, we have to discuss something. Is Jamie Dimon (CEO of JP Morgan) a complete idiot or fueling the propaganda machine?

The other day he got on CNBC and spewed out his pure ignorance and hatred for Bitcoin.

💡 Here’s the breakdown of the series of gaffs:

• He starts by horribly mispronouncing Satoshi Nakamoto by saying “Satashi”

• Calls Bitcoin “the pet rock” and that “(it) does nothing”

• Follows by listing the age old money laundering and criminal use cases for Bitcoin

• When the panel states that Gold is limited in supply and so is Bitcoin he responds with “oh so you think so?” followed with “I think there’s a good chance that when Bitcoin, when we get to that 20 million Bitcoins, that Satashi is going to come on there, laugh hysterically, go quite, all Bitcoins are going to be erased. How do you know he is going to stop at 21?”

This a must watch segment below:

Now many of you are probably thinking “Jamie Dimon is a complete idiot” …. ”He runs one of the largest banks in the world and doesn’t know the basics of Bitcoin”… etc.

Now as someone who is not new to the finance and media propaganda machine I believe this is an age old tactic to delegitimize the currency overall but has backfired tremendously. In this clip it just simply looks like a desperate attempt to make Bitcoin look bad and maybe some boomers will fall for it but nobody who truly buys crypto will. I have a tremendously hard time believing that Dimon is this unknowledgeable about Bitcoin. But let’s have a poll!

gm Legends,

The last few days the market has been dumping, is it over? NO. In short, the reason for this dump is because Grayscale has been unloading hundreds of millions of dollars worth of BTC via Coinbase, and they are one of the largest BTC holders in the world. So Cousin wouldn’t this be mega bearish? Not necessarily.

Below I have quoted Ash Crypto, as I have a very similar view on the topic, and I couldn’t have said it better myself”

Now that we’ve got that out the way my thesis from last week still stands. I’ve seen a lot of people filled with fear after a few days of red candles but IMO this is a buy the dip event. I do think there is a good chance BTC has topped and we witness distribution over the following months, which is where our beloved alt coins will explode as mentioned last week. Pull backs continue to add more fuel to the next leg up, and although I did not anticipate Grayscale selling hundreds of millions, overall i’m feeling quite bullish. We’ve cleansed the market of late longs, open interest is back to levels not seen since pre ETF approval, and people are starting to doubt the pump due to bear market PTSD. Not to mention ETHBTC looks unreal. Reclaiming an absolute crucial level.

I’m still a bull, a bull who believes spot holders are going to outperform leverage traders over the next few months. Stay away from leverage.

To wrap up our crypto segment, I wanted to talk about participating in ICO’s and how you can be a part of them. For YEARS I have been screaming that this is one of the best ways to create generation wealth. Many do 100xs, some do 1000xs and few even do 10000x. If you catch one of these its game over for your haters.

Now there is a few ways to participate in these. The first being through a launch pad. Right now Ape terminal is the most poping in the game, additionally to that you have the likes of Dao Maker and so worth. With these launch pads you will entering in a lottery, with the small chance at winning the ability to invest in the project. Now if you win great, but chances are on these very hyped ICO’s you won’t. Not to mention the amount you will be able to contribute will be low.

There is a reason I became an “influencer”. As a normie jeet I tried to invest in Solana as an ICO, from days worth of research I knew it was next up. I was unable to win the lottery and had to buy it on open market like everyone else. Now fortunately, it launched in a bad market conditions and I was still able to load up low, had I not been so fortunate, and I would have faded generational wealth right in front of my eyes.

This was the moment I knew I was going to be an influencer. Not because I wanted clout or any BS like that, but because I never wanted to miss another banger ICO again. Getting early access is a privilege, which means you need to find a way to bring value to the table. You can do this through being an influencer, owning a marketing agency, owning a pump telegram, or anything else that will help benefit the project.

I see too many people complaining that they weren’t able to be an early investor, but why should you? you bring nothing to the table and unfortunately when you do that its extremely greedy to think your’e owed a 100x or even a 1000x.

My advise to you, get off your ass. get un comfortable, and find a way to add value to the world. In doing so you will be rewarded.

• BlackRock: Surpassed $1.1 BILLION in Bitcoin holdings.

• Ethereum: Hits 18 month high at $2.7K.

• ProShares: files for 5x leveraged and inverse Bitcoin ETFs for the ultra bulls and bears.

• Coinbase: Is looking to dispute SEC authority in court.

• X (Twitter): Has received a money transmitter license in Utah with plans for peer-to-peer payments.

• Solana Wallets: Nearly 4k of them succumbed to phishing attacks this last month.

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DXY Weekly Analysis 💸

After the monthly candle close in December, Price left a monthly FVG above. I expected Price to take out the liquidity below before filling the FVG. However, the Dollar started the year strong. Liquidity resting inside a FVG is a magnet for Price, therefore Price will look to fill the monthly FVG and liquidate the  institutional positions resting inside of it. After rebalancing the monthly FVG, I believe price will sell off and seek the liquidity below at 99.578.

🐦 Tweet of the Day

• Cousin’s Bitcoin ETF Prediction

• Inject Solana Straight Into My Veins

• How Cousin Finds His Next 100x Alt Coin

• Santa’s Got A Big Green Bag

Written by: Cousin Crypto, Gannon

Disclaimer: Heinous Pumps Newsletter does NOT provide financial advice. All content is for informational purposes only. Heinous Pumps is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses. Heinous Pumps is a satire-based newsletter and should not be taken seriously.