Yup. Not any scumbag, but JPMorgan Chase CEO Jamie Dimon. "It's just not a real thing, eventually it will be closed" Dimon said to CNBC, as the price of Bitcoin fell shortly after.
"It's worse than tulip bulbs. It won't end well. Someone is going to get killed" Dimon said.
Dimon also said; "Any JPMorgen trader who is trading Bitcoin will be fired. It's against our rules and they are stupid!"
Yes, you heard it right here. It's STUPID.
Yup, Mr Jamie Dimon. Unlike your paper debt money, Bitcoin is not a real thing. Your paper is so real. It comes from trees.
And again the markets are falling for the schemes. Too many people don't understand why Bitcoin has value. I have explained it in this post
https://steemit.com/bitcoin/@scandinavianlife/a-message-to-china-you-can-t-stump-muh-bitcoinz
So yeah. The buttom line here people is that Bitcoin is STUPID, and that it doesn't have this incredible real value thing that paper money has. Paper money is just so much more real..This person can't be so stupid. He can't be the CEO of JPMorgan and be that stupid. He's faking.
He heard that 30 Billion dollars worth of stocks were cashed out in the past 3 months and he is worried that some of it is flowing into Bitcoin.
Cryptocurrency poses a huge threat to the stock market and the status quo.
It is the natural enemy of Wall Street.
In a way, Bitcoin comes from oil since that is what they are consuming through the electricity.
Fiat comes from the Willy Wonka factory that is the FED.
Jamie Dimon is just one of the oompa loompas stirring the chocolate.
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Preach!
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Scumbag fits Dimon and every other bankster.
Biggest crooks in the world and he has the gall to go on TV as a defender of the people.
The only reason he is upset with Bitcoin is because it is cutting into his thievery.
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Bitcoin DOES make sense if you live in regimes where central banks and governments cause the currency to be devalued. Wait that is most countries. (Albeit more extreme in places like Venezuela and others).
Agree Dimon is a scum. Now is the time then to buy more Bitcoin.
Just also saw this great post which rips why the whole tulip bubble comparison is so bogus.
https://steemit.com/money/@thehutchreport/dimon-is-whistling-thin-air-out-of-his-two-lips-bitcoin-is-not-like-the-tulip-bubble
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Not sure i understand why its still a big deal for people not to believe in bitcoin. I'd rather anyone who doesn't naturally exits (sells) and this is the markets way of weeding them out and letting those who wanted to get in to do so.
Also i would associate the drop more with Charlie lee confirming the news that bitcoin exchanges are being banned.
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Sure, the drop from 4400 to 4000 two days ago. But Btc recovered today. After the JPmorgan dude spoke it fell almost 300$ today.
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I agree with you; he is faking.
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He said also: Bitcoin makes sense if you live in Venezuela or North Korea, or if you are a drug dealer or murderer.
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He said a lot of weird shit. He's right about governments trying to ban it though. That's a risk we're taking.
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I wonder if Dimon was only saying this so that he could buy in when the price dipped in response.
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Probably :D
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@scandinavianlife got you a $1.56 @minnowbooster upgoat, nice! (Image: pixabay.com)
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