The World of Cryptocurrency - Jamie Dimon
When bitcoin started to build its foundation, Critics were piling-up and prophesying its end. They understimate the potential of bitcoin in the world's economic arena. Currently, Bitcoin penetrates into businesses and even huge companies convinced to join the bandwagon going to the future of currency evolution.
One of the hard-hitting critic of bitcoin was Jamie Dimon, who is the head of JPMorgan Chase , one of the largest American Banks. He does not only hate Bitcoin but also he thinks that it's a bubble and a fraud. He even threatened to fire anyone who thinks of using cryptocurrencies. He stresses that anyone using Bitcoin is a crook, stupid and they're probably from North Korea. He is just simply a bitcoin persecutor, he hits not only bitcoin but also those who are using it.
Recent news from The Wall Street Journal says that JPMorgan Chase is now heavily considering to offer its clients access to the CME Bitcoin futures market through their own futures platform essentially increasing the reach of Bitcoin through traditional markets. Jamie was so dramatically outspoken and there was a point where he was talking about it every single day and kept on saying that he didn't care cryptocurrencies and then suddenly he's doing all this stuff. It's funny how people can change their tone when money is involved and they realized that they've been incorrect from the beginning. He's just upset that he didn't get into Bitcoin at $10 like so many other heavy investors.
This will give a great impact on bitcoin when those big names of business world will engage in cryptocurrencies. Surely, the bitcoin price will skyrocket as never been before and this will encourage other businesses to join the crowd of cryptonians and there making bitcoin as the major component of world's economy.
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A good push to Bitcoin to hit 10k ;)
Currently, BTC is hitting $9.5k and rising...
I would love to see dimon shorting BitCoin and burn his fingers.
lol
Thank you guys for your upvotes.
Bitcoin is amazing and full of surprises
It was half the price when he was calling it doomed... I’m sure he must feel like a bit of an eejit
JP Morgan bought more than 45000 bitcoins the day after dimon declared it a fud. It is a trick to fool people and buy cheap.
@rksumanthraju that was a smart move bh jp morgan buying 45000 bitcoins, this will pay off in no time. I guess
Yes but innocent small investors must have sold those coins in panic created by dimon.
@jeffjagoe (58)
"It was half the price when he was calling it doomed... I’m sure he must feel like a bit of an eejit"
And now trending up and still people are sceptical of it success @jeffjagoe
I think a lot of investors are upset they didn’t get on the train early either. They are really starting to see the amount of money that could have been invested in the current investments they have
I hope you're right that the CME futures market will be good for bitcoin. I'm worried that it could be a double edged sword. It will possibly cause great volatility and damage bitcoin's reputation when the blame should be on market manipulators. Maybe Jamie Dimon now supports this move because it will give him the chance to prove his statements right by rigging the market.
It is a pity that two years ago I did not buy bitcoin (
True! you are not alone sistah, many of us felt the same. But anyway, its not too late to invest in cryptocurrencies
yeah becuse very expencive rightnow
@ekaterinka how much would you have invested in bitcoin 2 years ago, if you new it will be a huge investment today?
Many would have taken loans from banks etc to buy bitcoin
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Money talks bullshit walks :)
Everythings is negotiable in terms of $$$ LOL🤣
Hopefully money will be a forgotten entity soon .... it’s the greatest lie ever ... a great con job
This JD , is a shitbag
Agree LOL 🤣
He s no dummy rest assured there's plans to sell short via the futures exchange to curb bitcoin prices. Look at Gold and silver future prices -"the current spot price is more than the future price"! ie.. not a lot available and though this is a simplistic view there s more on this subject knowns as Backwardation and Cantango; see James Turk explanation on the subject. They naked short sell all the time consistently , last I read one ounce of gold for every one-hundred people; 100:1. The elite fraudsters are looking to control bitcoin its a thorn in their ass and any attempt to gain control on the subject of money is and always will be priority #1. Jamie Demon is suiting, these guys see themselves as "money gods" in fact it was ex-treasury secretary Timothy Geithner who stated as much.
Agree.....these guys will ensure that cryptos will be like any other fiat currency ... not now but soon .....