JP Morgan Again Strikes Back At Bitcoin | Reports from CNBC & Economic Times
Jamie Dimon is grinding away once more.
Developing his current feedback of bitcoin, the CEO of JPMorgan Chase bank is again out in the media cautioning "it will end gravely" for the tech. In a crisp round of press interviews, Dimon disclosed to CNBC he is worried about a surge of digital currencies – because of bitcoin, ethereum and introductory coin offerings (ICOs) – and trusts governments will soon crackdown on the marvel.
Foreseeing that the situation won't be beautiful, the CEO supposedly expressed that specialists will inevitably debilitate clients with detainment, compelling the digital forms of money onto a bootleg market.
He told CNBC:
"Right now these crypto things are kind of a novelty. People think they're kind of neat. But the bigger they get, the more governments are going to close them down,"
Addressing the Economic Times in India, Dimon added some more detail to his musings, this time tending to the thought worldwide governments may issue digital currencies.
"We already have digital currencies ... you can have digital rupee, so I am not against digital currencies,"
he said.
"I am talking about the creation of money and value out of thin air,"
he proceeded.
"Governments now look at it like it's a novelty but the bigger it gets the less of a novelty it becomes"
The new comments take after a polarizing explanation made by Dimon a week ago, when he transparently called bitcoin a "cheat" and that he would terminate any representative for exchanging it. Strikingly, Dimon is presently being blamed for spreading false and deluding data in a market protest by Blockswater, an organization in Sweden.
JP Morgan Chase, chairman of one of the largest banks in the world, says that "Bitcoin is a scam," and two days later, September 17, buys 19,000 Bitcoins for over 55 million $. Hypocrisy in pure form ...
Just as I felt, the last speculation was to cut the price for banks to buy back the recent btc devaluation.
09.15.2017 - JP Morgan is the 4th largest Billionaire buyer of the day on the Swedish stock exchange nordnet.se
Pay attention to how noble the company is shopping: Nordea, Barkleys, Morgan & Stanley
Noting that none of these banks can boast of good financial condition.
So what's the plan for now banksters ?!?!
"I am talking about the creation of money and value out of thin air," He must mean like the FED does when it prints money. lol
HAHAHAHA Exactly .... Banks can print money whenever they want to and they can control it but when it comes to cryptocurrencies , things get out of hands from them .... Even the US Monetary System is built on Thin Air
JP Morgans greatest fear is People becoming self sustainable. JPM handles the Foodstamp/EBT account for the US Government. They receive more per each persons account that they handle than the Food Stamp recipients does. They also get a .70 -$2.35 fee per swipe of every EBT card. That's their dirty little secret.
Ahhhh Thanks for sharing this ... can you give me some more insider info ?
Haha thats pretty much public information. What I wish is that one of these reporters would grow a backbone and ask Jamie Dimon if his Company ever plans on paying the Taxpayers back that 25 billion Dollar bailout they got. That would be epic to see him stutter on that question. Older article from 2012 - http://www.thedailybeast.com/jp-morgans-food-stamp-empire
Thanks man :) Followed you
Great post! Upvoted and Followed. Here's the REAL reason he specifically called Bitcoin a "Fraud" (NOT just wanting to drop the price and NOT reported elsewhere) a 30-second read:
https://steemit.com/bitcoin/@thoughtchain/why-jamie-dimon-specifically-used-the-word-fraud-to-describe-bitcoin-not-just-to-drop-price-and-not-reported-elsewhere
Personally? I sense a little fear in his tone...
After all
I think that the Fiat currency will be replaced with the crypto currency (or better system).
Im not sure if it will replace Fiat, but I do see Banks going to Blockchain Technology as soon as they figure out a way to make it less Transparent so they can can continue to hide their Illegal activities.
AHahahah Right
I think resistance forces will interfere with a smooth transition to encryption currency.
He is making his business so we will make ours.
@tech-trends Really good post.
"First they ignore you, then they laugh at you, then they fight you, then you win." Gandhi.
Looks like we moved to stage 3 then...
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