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RE: McAffee to Morgan: Bitcoin is More Real Than You'll Ever Be...
Cryptocurrencies are a nightmare for financial institutions. As the middleman in the fiat world, they will do anything to protect their position. Every time the likes of Jamie Dimon call Bitcoin a fraud, it simply confirms how tenuous their position is. Who is the real fraud here?
He is trying to protect their investments. By saying that btc is a fraud, he is encouraging its stakeholders to stay in their realm.