😈Peter Schiff: The London whale cost JPMorgan $6.2 billion in losses — one of the biggest blunders in history
"Right now, Strategy has around $10 billion in unrealized losses on BTC. When they close the position, Michael Saylor could set a record for the biggest losing trade."
The London whale is the nickname for trader Bruno Iksila, who worked at JPMorgan's London branch. In 2012, he became the center of a financial scandal, making a series of bad trades in the derivatives market and leading the bank to massive losses.
$BTC
"Right now, Strategy has around $10 billion in unrealized losses on BTC. When they close the position, Michael Saylor could set a record for the biggest losing trade."
The London whale is the nickname for trader Bruno Iksila, who worked at JPMorgan's London branch. In 2012, he became the center of a financial scandal, making a series of bad trades in the derivatives market and leading the bank to massive losses.
$BTC