😈Peter Schiff: The London whale cost JPMorgan $6.2 billion in losses — one of the biggest mistakes in history



"Currently, Strategy has about $10 billion in unrealized losses on BTC. When the position is closed, Michael Saylor could set a record for the most loss-making trade."

The London whale is the nickname of trader Bruno Iksil, who worked in JPMorgan's London division. In 2012, he became the center of a financial scandal, making a series of unsuccessful derivative market trades and causing the bank huge losses.
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