Jamie Dimon RIPS Bitcoin as a "Fraud".. it's for "drug dealers and murderers"steemCreated with Sketch.

in bitcoin •  2 years ago 

Jamie Dimon, the CEO of JPMorgan Chase, had some harsh words on Bitcoin and Cryptocurrency, calling it a "fraud" and likening it to the tulip bulb mania.

But should you even care that the CEO of a $320 Billion Bank has negative words on Bitcoin? In my opinion, ehhhh, not really. I'm not worried and if you're confident in the technology, you shouldn't be either.

So let's talk about Jamie Dimon and Bitcoin in this video and clear the air.

Article from Bloomberg:
https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin

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Image: DAVOS/SWITZERLAND, 23JAN13 - James Dimon, Chairman and Chief Executive Officer, JPMorgan Chase & Co., USA is listens during the session 'The Global Financial Context - Reinforcing Critical Systems' at the Annual Meeting 2013 of the World Economic Forum in Davos, Switzerland, January 23, 2013.. . Copyright by World Economic Forum. . swiss-image.ch/Photo Remy Steinegger

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Agree with you 100%. Words from a powerful banker talking negatively about Cryptocurrency... meh, not surprised. JD might as well be indited for fraud himself... cough cough 2008 collapse, go figure.

Yeah for sure man, not surprised at all to hear him trash it. Also kind of funny with JPMorgan's support within the bank on crypto though. They have a legit "Blockchain" team, who apparently are not happy with his comments

That's hilarious... didn't even think about that. His own internal blockchain team ain't happy today.

Worst is yet to come for Banks - According to the man who said he would eat his own "D". Crazy... but smart, super super smart man.

McAfee is definitely off his rocker haha.. He might not be wrong, but he's definitely nuts

If i was a bank i would also say bitcoin is a fraud. The big banks trying to stop the people from decentralizing from the "REAL" Criminals.

We used to have a chase bank account. But we soon got rid of it, because they decided that only the person that the account was in the name of, could deposit money into it. Like my wife doesn't drive, so I would do the banking. But chase decided, at least their public reason was to combat money laundering, that even people depositing a couple hundred dollars, should be treated as criminal suspects. The people in the bank were good. So I didn't really get who was making such lame judgments. Now I know who. They lost many accounts over that. But apparently the CEO is clueless.

Omg that's really funny as he is the biggest fruadster. Remember the fiasco with them taking peoples money from their gold accounts. Ask Gerald Celente, he was a victim as well. CME=$CAM.

completely agree @cryptobobby - blogged along similar lines.

it is all about perspective - if you believe in the technology and are aware of the improvements constantly ongoing, you back the crypto...

Alex