JPMorgan CEO Jamie Dimon trying to manipulate people and I DISDAIN!
The CEO of JPMorgan Chase said, Bitcoin a 'fraud' and some newbies to the crypto-world took his joke seriously resulting the value of Bitcoin went down 'a little'.
Why did he say that?
Since there are certain people who can stake blindly on what he says, we can conclude his statement to be a conspiracy against the crypto-world.
Its an old method of using one's reputation to manipulate the mass.
Final Conclusion:
People who trade or own bitcoin are not always bothered about the price of it against any fiat currency.
The price of 1 Bitcoin will equal to 1 Bitcoin forever.
The centralized institutions are literally scared about the power of decentralized 'EVERYTHING', and as we all know JPMorgan as a financial institution never wanted any good for the common people, they stopped funding the FREE ELECTRICITY PROJECT of Nikola Tesla.
So finally what we can conclude is, the statement of Jamie Dimon was made to manipulate some people to bring them back to the centralized currency umbrella and stop some from embracing the technology, but, what Mr. Dimon must know is; a major portion of the world has embraced decentralized currencies and THIS IS JUST THE BEGINNING.
LONG LIVE CRYPTO-CURRENCIES!
done https://steemit.com/bitcoin/@tytran/new-york-post-backs-up-jamie-dimon-s-statement-that-bitcoin-is-a-fraud
Did Mr. Dimon pay the media in fiat to defend his statement :P
History is forgotten much too quickly. Just look back to 2012 the fiasco with derivatives and that's just the peak of the iceberg. Day after day loyal people bring their money to the banks and think it's in a big safe secured and untouched.. playtime! I think greed was and is always a strong driver to create the next crysis. Billions and soon trillions of $ moving around in such institutions for margin calls, spreads, derivatives.. i think if just 10% of the loyal people would know what happens behind the scenes, no one would ever trust them again.
Yes, blockchain and cryptocurrencies is a big chance to disrupt the dilapidated system!
True that!
Any idea about Dimon's take on ZCash?
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