Jamie Dimon: "I Regret Calling Bitcoin A Fraud" - Excuse Me While I Laugh For 5 Uninterrupted Minutes, Thank You
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.
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Definitely growth would much faster now, as people already heard the name "BITCOIN" even in negative way, any publicity either positive or negative is turning out in favor of Bitcoin.
Hahahahaha Man I knew he was going to end up eating those words!
laughing is healty ;)
So when Bitcoin was first unleashed back in 2009 I called it "Fake Money! A geeks pipedream that would never take off."
Back then people were giving them away mainly because nowhere accepted them. I refused to have anything to do with this "Pretend Money." Boy do feel stupid now turning down all those coins I was offered. "Here Pete, get yourself a wallet and I'll give you a couple of coins to get you started."
image source
Hindsight is a wonderful thing!
I do not trust Jamie Dimon, I wonder why he said this.
so on the face of it, it looks like a setup to me.
He trashed bitcoin, it dipped, his company bought up large, then he praised it and it went up, as did his profits.
This is less about him admitting Bitcoin is real, and more about how to manipulate a market for fun and profit.
Watch for the next big announcement by 'someone in the know' about how Bitcoin is a bubble and will crash on Thursday, and get ready to buy the dip!
obviously
He better watch this space because bitcoin is unstoppable
With more than a thousand other coins competing, I'd say the odds of continued Bitcoin dominance are at the very least, a bit lower than before.
So funny, but as we all know that "news rules this crypto world" so the big boys in the games pretty much advantage of it to get the best out of it.
jamie dimon hahah
