Jamie Dimon:
"It’s a fraud. It’s making stupid people, such as my daughter, feel like they’re geniuses. It’s going to get somebody killed. I’ll fire anyone who touches it."
If this is the case why is JP Morgan buying Bitcoin ETFs on European exchanges?
(Images taken from :http://www.zerohedge.com/news/2017-09-16/if-jamie-dimon-hates-it-so-much-then-why-jpmorgan-buying-bitcoin-europe)
Here is my personal opinion:
Jamie Dimon takes advantage of his reputation and his position in JP Morgan and makes a bold statement claiming Bitcoin is a fraud. Soon later JP Morgan seems to be buying bitcoin at a lower price in order for them to benefit from huge profits Bitcoin has been predicted to bring by the hugest names such as Bill Gates, Richard Branson, Mark Cuban, Robert Mcmillan,Chis Roberts, Matthew Bishop and Bret Gordon.
We have seen a crash in bitcoin previously in 2013 when the price had soared past $1200 which at the time was huge and then it drastically fell to below $600. I personally believe that the big players and the smartest are which drive the price down for their own personal interest in order to get a bite of the cake.
People like Jamie Dimon have realised they are late to the party of bitcoin and it has reached a high price and could go even higher so they prefer to drop the price and drive it down so they can purchase more at lower prices and enjoy higher profits.
For those who oppose bitcoin and believe it is a scam or fraud please do some research on the matter and i suggest get in as soon as you can.
All of the above is based on personal opinion, my advice is my advice and i am no professional i am merely an individual conducting research in depth.
Follow me if you enjoyed this post @kungace
Much love and peace to the world i hope people's eyes can open up about this matter
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