JP Morgan CEO Jamie Morgan trying to fool the sheep:
The only true things he said was that governments will try to destroy it (although they will eventually fail), and that Bitcoin has helped a lot in places like Venezuela (I agree with this, but not only bitcoins, ethereums too). But the rest of his talking is all BS. He tries to convince his audience that mostly criminals use it, but what about his bank and all the frauds and money laundering they have allowed in their institution (
https://www.reuters.com/article/us-jpmorgan-swiss/swiss-regulator-finds-jpmorgan-broke-money-laundering-rules-idUSKBN1DH1UC and
https://www.forbes.com/sites/robertlenzner/2013/12/12/j-p-morgan-chase-will-have-to-pay-a-fine-of-2-billion-for-laundering-76-billion-for-bernie-madoff/). Also, isnt USD cash the most used currency by drug dealers and terrorists around the world anyway?.
The dinosaurs trying to convince the masses that they are still the future.
Also, right after this dinosaur said that Bitcoin is a fraud, his bank does the following:
After a Few Harsh Statements from Executive Jamie Dimon, JP Morgan Ltd., and Morgan Stanley Purchase Bitcoin ETNs
According to public records of Nordnet trading logs, the two associated firms JP Morgan Securities Ltd., and Morgan Stanley bought roughly 3M euro worth of XBT note shares. Interestingly after the recent regulatory crackdown in China, and the statements from JP Morgan’s senior executive Jamie Dimon talking trash about bitcoin, his firm bought the dip on September 15. In fact, out of all the companies on the list, like Goldman Sachs and Barclays, the JP Morgan team of buyers purchased the most XBT notes.Link:
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/So basically they (JP Morgan and company) are telling the people that bitcoin is a fraud, is for criminals and that you should NOT buy it, while they buy millions of euros/dollars worth of it. Roflmao.
This post was edited by Golden_Order on Nov 28 2017 08:57pm