Bitcoin Powers Through To New Highs Near $6,000 While Jamie Demon Just Can't Keep His Mouth Shut
The Berwick Champagne curse has been broken.
Every time in the past I posted a photo of me with a champagne bottle after bitcoin had hit a new all-time high, it “crashed”. Or, at least it went down quite a bit before quickly retaking new highs.
Not this time, though! Shortly after posting that bitcoin had surged through $5,000 yesterday it continued on to hit a high over $5,700.
Combined with Bitcoin Cash, which I swear I’ll stop mentioning soon, it reached a total high of over $6,000 for those holding bitcoin since August 1st, when it was at $2,700.
Meanwhile, Jamie Demon of JPMorgan, who said he’d never talk about bitcoin again only a day ago had more to say on it today! A lot!
According to Zero Hedge, these were today’s comments from Jamie Demon:
- "PEOPLE WHO PURCHASE BITCOIN ARE STUPID"
- "WHO CARES ABOUT BITCOIN?"
- "I DON'T UNDERSTAND THE VALUE OF SOMETHING WITHOUT VALUE”
- "I COULD CARE LESS ABOUT BITCOIN”
- "BITCOIN IS 'A GREAT PRODUCT' IF YOU ARE A CRIMINAL”
After that diatribe he finished with another one of his empty promises, “This is the last time I talk about bitcoin.”
I guarantee it won’t be the last time he talks about bitcoin. As JPMorgan is closing its doors in a few years after having missed the biggest evolution in money and banking in human history, he’ll be sure to at least mutter, under his breath, “I hate bitcoin.”
No wonder he hates it so much. Bitcoin is closing in on a $100 billion market capitalization now meaning it has just surpassed Morgan Stanley’s $88 billion market cap.
It just surpassed Goldman Sachs too for that matter.
Not that it matters too much, as both Morgan Stanley and Goldman Sachs are fraudulent businesses that are involved in money laundering and terrorist financing with their connections to the US government.
Plus their business model is dead. You’d have to be stupid to buy those stocks.
With bitcoin again at new all-time highs, we are extending our special offer for 10% off the TDV newsletter (which you can get here). The next issue is coming out this weekend with crucial information on how to prepare for the next wave of bitcoin forks as well as a special interview with Dan Larimer of EOS where I re-assert that I believe it will be a serious competitor to Ethereum and why I think it is an incredible bargain at this moment in time.
For those in Texas, I’ll be speaking at the Texas Bitcoin Conference in Austin two weeks from now. You can get a special discount by using the code “Anarchast” on their website.
And I’ll be going straight from there to Portugal where I’ll be speaking at Steemfest from November 1st to 5th. Steemfest is Steemit’s annual event. TDV is still the most followed user on Steemit where we post all of TDV’s content first (even before our own website) and we’re still incredibly excited about the future of Steem.
Busy, busy. Lots to do as we continue to rid the world of governments, central banks and crony capitalists like Jamie Demon and make a fortune doing it.
The reality is that only one adult in 800 owns any bitcoin. Some have heard of it, but not much more. It’s like email in the early 1990s. The only person you could send an email to was yourself. We are still in the start of the early adopters phase. There were alot of people who derided me when I tried to explain the usefulness of email in 1992. Same thing for bitcoin in 2017.
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I bet it hurts him every time he made a statement and he is proven wrong - I love it!
Jamie just like the attention surrounding BTC.
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I am wondering what is wrong with this guy. Why he hates bitcoin? Bitcoin is future and he should understand it by its going up value
He might be smart and foresee that he doesn't have a place in a future with Bitcoin. That is exactly what scares the dinosaurs. The same way the computer scared old people a few decades ago.
He's sour that he did not get bitcoins early on... Also soon to be an inmate for insider trading... Should already have been one for terrorist and money laundering links..
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Did we really expect him to have anything nice to say about an asset that is out of his control??
This guy... lol but it makes sense and honestly shows the hidden fear banks have to crypto currency and starting to now realize they need to start adopting either own methods or be destroyed.
Ever since Nixon in 1971 ending the dollar covertbility to gold our system honestly has been digital in which we "print" money to try and cover massive debts which honestly just enslave people. (that's a whole post in itself) But just one major reason I want to see bitcoin thrive and really become decentralized.
Yes, some banks do have a fear of cryptocurrency. JP Morgan is one of those banks. They sent a representative to a recent conference on commercializing Ethereum who talked about JP Morgan (her employer) wanting to "not be disrupted too much."
Smart man! Awake and aware.
Mr. Demon will never say anything.
Jamie Demon is right about one thing! Bitcoin will hit 100k $ soon enough =)
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Governments around the world are making it easy for HODLers to make money on crypto. They keep printing up fiat, devaluing their national currency and then wonder why they are draining equity to those currencies that have a superior SOV (Store of Value).
Crypto is a great investment for those who want to bypass the pesky government habit of "civil asset forfeiture" theft. Store your 24 word seed in your head and there will be nothing they can do. Even the $5 wrench attack won't work because of the duress passwords.
Another intelligent person! Bravo!
It would be a shame if Mr Demon actually stop speaking about Bitcoin.
He is such an easy way of getting new HIGHS!
I don't see the value of something with no value" lol as if fiat money backed only by trust was any better.
You know normally I am against making fun of people and calling them names, even when they deserve it. But.... he is just asking for it, isn't he? He should just stop talking.