Jamie Dimon, the de-facto leader of the coterie that rules the world from behind the shadows, has doubled his anti bitcoin rhetoric. It is an open secret how this self-righteous boss of JP Morgan has hijacked the US Presidency and now his comments come in light to an all out war to ban bitcoin. It is no mere coincidence that commie China and pseudo-democracy US are acting quite in synch in clamping down on bitcoin and crypto-exchanges or banning their citizens from buying cryptos.
The pseudo-democracy of US has no issues in living of alms, a.k.a national debt which is now over 20trillion USD. It has no issue in the numerous breaches and riggings of its financial markets that only occasionally gets highlighted in main-stream media. The amount of financial and monetary fraud done by the wall-street coterie cannot be even counted in a lifetime. But they are all out to run a vicious rhetoric on crypto currencies. If Jamie Dimon truly feels that bitcoin is a fraud, he should really watch Nicole Kidman's "The Others".
Commie China is better than US because it does not pretend to be a democracy. Apparently, they are suddenly considering its adult investors as kids with no brain. So, unlike Malaysia, they are not spreading advisories/warnings to investors to take note of the risks on ICOs but are banning everything left and right.
IMHO, this should only be a moral booster to investors as we can only see that the core philosophy that bitcoin and cryptos take the regulation of govt and coteries away is actually working. Surely, this lobby will not be happy to see the authority to regulate being taken over by algorithms and decentralized to people. Matured investors should see these sort of developments as the obvious rise and mainstreaming of DLT and cryptos as all that is left for these sort of lobbies is to try their boring institutional FUD saber rattling formula that is well past expiry.