Bitcoin and Ethereum are a NOVELTY - It Must Be True Because Jamie Dimon Just Said So.
Well folks looks like JP Morgan's Jamie Dimon is at it again. Dimon did an interview with CNBC India this Friday morning where he stated that the coin offerings , ICO's, a new red-hot cryptocurrency based fundraising method using digital coins like Bitcoin are concerning to him.
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Diamond claims it's creating something out of nothing. Well I'm pretty sure Jamie that Federal Reserve notes or just creating something out of nothing also. Jamie, In case you missed it, Bitcoin and other crypto currencies can be printed out as paper wallets. Just imagine my shock.
Dimon finds this is unacceptable because he claims that "governments like to control their currency" and they want to "know who has it". I think with Jamie Dimon talking out of his ass what he failed to say was the banks like to control the government. The Federal Reserve in the United States is beholden to no one yet they create monetary policy that influences United States government's economic policy.
Jamie Dimon then went on to extol crypto currencies as a novelty saying "So right now I say these crypto things are kind of a novelty" and "The bigger they get the more governments are going to close them down."
Steemians, what we are seeing here is an outright panic from one of the largest banks. They are losing their grasp on the fiat economy. They're losing control over monetary policy and Banks like JP Morgan or flipping the f*** out. Just keep in mind every time one of these assholes like Dimon takes a dump on crypto currencies it's going to go down and you know what that means, it's time to buy more crypto.
Always remember this, for every dollar that you invest in a crypto currency that is a dollar that Jamie Dimon and the other Banksters no longer have control of.
Also let's not forget that JP Morgan is working on their own blockchain technology that will eventually issue a digital currency and compete with other crypto's. I personaly am hoping that XRP Ripple eats JP Morgans lunch before they can launch though.
The hypocrisy in the banking industry is unmatched but anything I have ever seen including the dementia that rules the United States Democrat Party. Just had to get that jab in. Sorry if it offended you.
Nice to meet you, @libertyranger!
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Nice to meet you as well.
I always upvote comments, even from bot like accounts.
The exposure is good and the fee is nominal.
Thank you for the attention.
Following you also now.
Thanks! Nice post!
We will wait for him to bring it on :)
I am waiting alright. I am waiting for this guy to get knocked out by a truckload of Bitcoins.
This is pure fear based market manipulation and he is in fact damaging many of his on clients that have money in both JP Morgan asset based investments and cryptos.
The SEC should really stitch his mouth shut.
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