Seriously? Jaime Dimon has the audacity to call Bitcoin a Fraud?
What a hack! As if Jaime Dimon has absolutely any credibility. As CEO of JP Morgan Chase, Dimon took 25 Billion in US tax payer dollars to shore up his bank in 2008. 25 BILLION Folks! Lets not even discuss the big fat bonuses he received, while Americans across the United States were loosing their homes. How many Americans ended up on the streets, children ended up hungry and many committed suicide, thanks to bank CEO's like Dimon and several others?
Not to mention how many banks preyed on inner city minorities with their exotic loans. The banks knew very well these minority communities couldn't afford these loans after they reset. Sure the "robo" signatures and the bonuses received by those who gave out the loans where huge. But they knew very well the US taxpayer would bail out the banks.
Bitcoin exists as a natural market reaction to the 2008-2009 banking crises. Gold would be at $10,000 dollars an ounce and silver would be at $800 an ounce, if it were not purposely manipulated by these banks to hide the fact that the Federal Reserve Bank printed 4 trillion dollars out of thin air. Ever wonder why the market is at 22000? 4 trillion dollars had to go somewhere? Yep, to inflate asset prices. Wait until this bubble bursts. POP POP POP!!!
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