Crypto commentator Levi Rietveld is making a serious accusation against Wall Street. “These guys, they are lying,” he said, arguing that major institutions mislead the public about crypto to
Crypto commentator Levi Rietveld is making a serious accusation against Wall Street. “These guys, they are lying,” he said, arguing that major institutions mislead the public about crypto to buy assets cheaply before fully adopting them later.
Rietveld built his case around a clip of investor Teeka Tiwari recounting a well-known episode from Bitcoin’s history. Tiwari described how JPMorgan CEO Jamie Dimon once called Bitcoin “a fraud” and said he’d fire any trader who bought it. Bitcoin fell 24% after Dimon’s comments.
Then, according to Tiwari, a different picture emerged. “The largest buyer was Morgan Stanley and JP Morgan,” he said, referring to a major European Bitcoin fund. Tiwari called the gap between Dimon’s public statements and his firm’s actions unethical. Rietveld used this as his opening example of a pattern he says repeats across the industry.
THEY ALL LIED! EVERYONE Is 100% Wrong About This $XRP Cycle pic.twitter.com/HOdlpNKQ3G
— Levi | Crypto Crusaders (@LeviRietveld) June 18, 2026
Rietveld pointed to BlackRock CEO Larry Fink as a second case. Fink spent years describing crypto warily and linking it to illicit activity. BlackRock later launched its own Bitcoin ETF, IBIT. For Rietveld, this is the same playbook: public skepticism paired with private accumulation.
He said institutions talk down assets specifically to push retail investors out so they can buy in at lower prices.
Rietveld’s central question is simple: why don’t major financial figures talk about XRP, Ondo, or HBAR the way they talk about Bitcoin? His answer ties directly back to his lying accusation.
He says institutions are “lying to you to try and push you away from XRP, from Ondo, from HBAR,” staying quiet on these assets while Bitcoin dominates headlines because Bitcoin is the easy story with an ETF already built around it.
According to Rietveld, the real infrastructure work is happening elsewhere. He notes that institutions are piloting programs with the XRPL and signing non-disclosure agreements as a result, which he says explains why they never mention these assets publicly. He believes their silence isn’t disinterested. It’s concealment.
Ripple CEO Brad Garlinghouse has also called out Dimon for criticizing crypto for selfish reasons. Rietveld’s theory gives XRP holders a specific lens for reading institutional behavior.
Public statements from bank executives shouldn’t be taken at face value. The absence of commentary becomes the data point worth watching. If an asset isn’t mentioned, he treats that as evidence of quiet accumulation rather than irrelevance.
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