Financial Times just revealed one of the most interesting comments in the history of the crypto world.
The comment belongs to Jamie Dimon, a well-known figure amongst crypto aficionados, specifically for the harsh comments he made last year, when he called Bitcoin "a fraud" on national television. Days later, a few people found out that JPMorgan Chase, to which Dimon still serves as a CEO, bought the dip formed as a result of that statement.
But, according to news cited above, Dimon softened his comments, declaring that he "regrets calling Bitcoin a fraud". Even more, according to the same source:
However, he said that blockchain, the ledger system that powers bitcoin and is also being used by an increasing number of companies for record keeping, “is real”.
Oh, te joy of seeing the light emerging in other people minds! Oh, the epiphany! The unforgettable "a-ha" moment when you realize something is "real"...
In September 2017, Bitcoin traded around $4k. After Dimon's statements, it rose almost 4 times, reaching $20k.
Now, what to do with this public remorse? Should we expect Bitcoin to rise 4x again, to $60k?
I'll try to figure that out after I stop laughing.
I think it will take me at least 5 minutes of uninterrupted, healthy and unapologetic laughter.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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