I'm sure you have all heard about Jamie Dimon's recent comments on cryptocurrency.
He said a lot of things that contradict JP Morgan's actions since JP Morgan is quite involved with crypto,
being one of the founding members of the ENTERPRISE ETHEREUM ALLIANCE, a group of fortune 500 companies and such who, according to their site aim to "learn from and build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum – to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business."
There is also the partnership with ZCASH to work on securing the JP Morgan blockchain they are working on.
JP Morgan has also filed for a patent on a "Bitcoin Killer" cryptocurrency.
Now there is this interview where the man (Dimon) almost comes unglued talking about how he thinks BTC is a fraud, tulip mania, used by criminals etc... but reveals his own daughter trolled him by buying BTC and profiting and he says himself that BTC may go to $100,000.
It makes me ask myself a lot of questions.
Is it simply the fact that JP Morgan is directly losing money to people investing in BTC?
Is this guy using reverse psychology because he wants to make his own holdings in crypto rise in value or does he really think he could spread FUD and lower the price so JP Morgan can buy even more?
Is he intending to compete with BTC?
When he hinted that "this will end badly" and talked about "someone getting murdered" is he threatening us with deep state black ops tactics between the lines if BTC beats down the banks enough?
As I'm typing, BTC is in the 3900s having dipped into the 38s, LTC around 60 and ETH around 275, many other coins and tokens are down as well.
Did this interview cause this? is it due to the rumors from China?
There is also Charlie Lee of Litecoin's comments on his twitter (now deleted) that add to the china FUD claiming to have inside knowledge of China's incoming ban on exchanges.
Is all of this adding up to a big FUD sandwich that weak hands can't choke down?
There is also the fact that a lot of people are getting their holdings spread out into many , many new tokens and alts and ICO's and many tank or go nowhere and the wealth that would have gone back into BTC at some point is disappearing.
We all know a correction would come one way or another, I think this is a healthy response of a young market and I won't worry even if it falls 75% or a little more like it did once before.
I can't help but feel like this is going to propel Bitcoin higher into the realm of public awareness in the end.
This is a wild time we are living in and I'm happy to be sharing it with all of you.
STAY SAFE, STAY SMART, STAY UP!