Why JPMorgan is in a bubble and not bitcoin
Max Keiser of RT’s Keiser Report has explained why the real bubble may be in banking, and not in the cryptocurrency.
Mr McAfee to JPMorgan CEO Dimon: it costs $1000 to mine 1 bitcoin. What does it cost to print US dollar? which one is the fraud?#bitcoin
Bitcoin makes banks, essentially price gouging intermediaries and socially unacceptable leeches, obsolete. Bankers rightfully fear for their jobs as bitcoin replaces them,”
JPMorgan Chase has a long history of paying high fines for violations of banking regulations. Since 2010, the bank has paid $28.7 billion for financial misconduct.
The list includes $13 billion paid for toxic securities abuses in 2013, as the bank overstated the quality of mortgages it was selling to investors in the run-up to the financial crisis.
Its ultimate signal that Bitcoin going to be doubled in few months. Get ready and start buy more bitcoins if possible guys, Good Luck
JP Morgan is heavily invested in block chain and even applied for a patent of their own. JP Morgan is also a member of EEA.... fishing for cheap coins is all it is.