Bitcoin Forum

https://markets.businessinsider.com/news/currencies/bitcoin-price-rally-jamie-dimon-record-high-cryptocurrency-smoking-fraud-2024-3

I am actually never against the people who doubt bitcoin as everyone can have an opinion but making this statement with current situation is really funny for me. Hope you will also have a good laugh with this news.

Why give attention to a rich banker? Their existence is incompatible with anything Bitcoin stands for.

Worry about Jamie Dimon?

Don't believe in what he says, look at what JP Morgan, his bank, does.

JP Morgan Chase are participating in 5 categories of cryptocurrency. Jamie lies! (https://bitcointalk.org/index.php?topic=5483740.0)
In 2017
JPMorgan's Dimon says bitcoin 'is a fraud' (https://www.reuters.com/article/idUSKCN1BN2PM/)
JPMorgan to give all wealth clients access to crypto funds (https://www.reuters.com/business/finance/jpmorgan-give-all-wealth-clients-access-crypto-funds-business-insider-2021-07-22/).
Dimon’s many bitcoin moments of regret (https://www.marketwatch.com/story/all-the-times-dimon-may-regret-bashing-bitcoin-in-one-chart-2018-01-09).

After reading all these, do you still worry about Jamie's sayings?

Some people will not see what is right all because they are old fashion people. Even when bitcoin was low in price, there were many critics including Warren Buffett and Peter sheriff and many of them, but bitcoin has let us know that these people are only just not knowing what is right about bitcoin. Probably they do not want to invest because they have other means of income but that does not mean that they are not all wrong. All I know is that bitcoin is a store of value.

The government can only act defensively towards bitcoin, it can't really stop it, especially if the majority of people have good financial literacy. Take, for example, Chinese people^[1].
Another collection from the Bitcoin Obituaries list, anyway.

1. https://finance.yahoo.com/news/china-binances-biggest-market-despite-121420400.html

Someone like him can say whatever thing he likes, that's why we don't have to believe people all times in what they are saying, another can come up tomorrow saying bitcoin is water or air, ours is to know and understand what the master plan on every bit for has been why bitcoin was created, we may not have to listen to so many distractions, some are just there to makentheir own fame through thuis and gain recognition with bitcoin by what they say.

lol since when did hard money become like smoking  :D :D :D :D

JPMorgan has a long history of changing their statements, and the institution is indirectly invested in Bitcoin, and banks and cash are the basis for most illegal activities compared to Bitcoin, so we can only consider Jamie Dimon’s opinions as biased personal opinions and not supported by any evidence or proof.

He is very similar to Gensler and Warren Buffet, they all really hate Bitcoin. They hated it for years and they will hate it for the next 10 years.

His bank however is involved indirectly with crypto, especially with the etfs. So it’s funny how the guy says it’s a bad thing but as long as his bank can make money off it, he is ok with that. Basically completely two faced.

Either that or it’s a completely different division of JP Morgan which deals with the bitcoin etfs. A division he has less control over. That would make more sense.

He says that he defends the right to smoke as he defends the right to buy bitcoin which can only mean that he doesn't mind us buying bitcoin but we need to stay away from him. With that kind of statement, I think that it's a really good idea to recommend him to stop yapping about bitcoin because ain't no way that people ever cared about his statement and his words about not investing or being convinced that bitcoin is a thing is as empty as his soul, it don't mean anything for him or any of us because even if he doesn't invest in bitcoin, he's still a rich self-centered attention seeking annoying goblin so to the people that are still caring about what this hoodlum in a suit says, it's high time that you stop doing that because the less people that care about what he has to say about bitcoin, the less he's becoming relevant, the reason that he's probably this way anyway is because he wants the exposure and ire of the bitcoin community not to mention that it also generates his company some exposure.

Very well exemplified. I feel the same way. After all the changes of opinions in view of the fact that the behavior of Bitcoin contradicted his apocalyptic statements, I think we should not pay any attention to him, especially when behind these manifestations there is usually a hidden agenda. I think he is saying this so that the price does not rise too much and he has time to buy cheap, lol.

But.. that's actually a great take though?

He'd personally wouldn't own bitcoin, but he supports everyone's financial freedom to purchase things they believe in. Why are the responses to this thread so negative despite the neutral(but very reasonable) stance? Read the freakin article, don't just read the headline looool.

Jamie Dimon I don't know about the ending. But if he is influential, I don't mind his reaction because it seems ridiculous to compare Bitcoin, a store of great value, to smoking. Maybe he said that to make himself viral. We see many people doing many dramas in many ways to make themselves viral, maybe he did that. I don't compare it to any other bitcoin as I always think it is very valuable.

As much it's a great take, I still don't think that it's worth your time to listen to this kind of thing or maybe even learn what he wants to talk about, he's not a great role model for us investors anyway and I don't think that he's the type to follow if you want good advice because I feel like this is the kind of guy that would probably lead you astray even if you're genuinely asking the right questions.

People are commenting on the Dimon and his general dumb stance against bitcoin, besides why waste time reading an article quoting a bankster who is known for saying all kinds of nonsense about Bitcoin, regardless of what he says? After all he is a member of the most corrupt banking system in the world :)

if blocks were meat the best natural way to preserve blocks is to smoke it
smoked meat is better for you than other preservation methods

dont get salty, smoke it

It is funny that he is comparing bitcoin to smoking. They aren’t even comparable. I do get his points but those are just misconceptions. He keeps talking about bitcoin despite saying he doesn’t wanna do anything with it. He’s just gaining more attention with the use of bitcoin. Anyone who can do research will see that everything he says should not be taken seriously and literally.

Thanks.

When I was a newbie, I felt cool to read what big men, rich men said but with time, many years in this market, I understood more about how politicians lie, billionaires lie only for their own benefits.

By understanding this fact, I focus more on myself and because I am a Bitcoin investor, I focus more on learning fundamentals about Bitcoin, advanced things and weakness of global economics, national currencies so that my belief in Bitcoin and its future continue to rise more and more. That's it.

Now I see funny when I read such news.

But the article also state he prefer stricter regulation for Bitcoin, which isn't really good thing when laws which involve Bitcoin is already strict. He also state if he's the government, he'd close it down. Combining that with his past statement and his business deeply involved with cryptocurrency, it's hard to trust him.

I swear to god these folks are still going to be telling people "Don't buy bitcoin" even after it reaches $1,000,000.

Who care about his statement and no one gives a damn about any statement given by these sore loser bankers, he has always been against Bitcoin and don't forget he is a capitalist banker with sadistic mindset that no one should get rich expect them so these words coming out of his mouth doesn't make any sense and Bitcoin has been in existence for over decade now.

This is not the first time that he has come up with a negative statement against Bitcoin in front of the media. As a banker, it is his job to say no to Bitcoin but generate profits for his clients using Bitcoiin. Bitcoin was created as banks and their powerful owners have always misled people to fill their own pockets. His words are scripted by his masters who still hold more influence than Bitcoin in this world of financial domination and power.

Exactly! You're spot on! People like Jamie Dimon can say whatever they want but it's up to us to think critically and understand the true purpose behind Bitcoin's creation. With all the noise and distractions out there, it's important to stay focused on the core principles of decentralization and financial empowerment that Bitcoin stands for rather than getting swayed by every opinion that comes our way

It is the same as always with this type of comments that bring the "religious" attachment of the old school of finance, on the other hand his analogy of the cigarette is limiting, since your right to buy 21 pack* of cigarettes should be respected.  :)

^{*The bad habit to control everything, even good crypto financial habits.}

On the contrary, they will say to buy at a price of $1,000,000. That's when they will start selling bitcoin they bought to people. In the meantime, don’t stop them from accumulating cheap bitcoin. Here's how to translate their words.

I am surprised (and outraged) by how people continue to believe the public statements of bankers? They voice what pushes people to actions that are directed against the interests of these same people. All their words should be carefully filtered, because they will not reveal the truth and will keep silent for the sake of their own selfish goals.

Honestly, I think it's embarrassing to allegedly be a professional in finances but consistently make statements that turn out to have little in common with reality. He's been discouraging people from investing in Bitcoin for a long time, and Bitcoin grew very significantly in the meantime. That being said, dzungmobile is totally right that this guy says one thing but does a completely different thing as the CEO of JPMorgan.
I think it's unfair to compare Bitcoin to smoking because one is a great (even if somewhat risky) investment, while the other is a known cause of major diseases and subsequent deaths, killing around 8 million people each year.

Jamie Dimon is actually crazy to think that, and most of us here know that. I remembered when in an article he said that Bitcoin is a fraud, then after a few days he suddenly took back that word and said, "Blockchain is real.".https://www.usatoday.com/story/money/markets/2018/01/09/j-p-morgan-chase-ceo-jamie-dimon-says-he-regrets-calling-bitcoin-fraud/1016088001/

Then, when I read that at that time, I just laughed at what he said; it was a big slap on him that he did that. Now,  just a few days later, he is doing it again carefully or paying attention to the news again, and just because of that, what he says is no longer relevant.

There must be some stupid statement competition going on that we don't know about, and Jamie obviously really wants to win, considering that he wants to surpass some others who have been doing it for more than 10 years. What does Bitcoin have to do with smoking? Does Jamie want to say that the right for someone to smoke and poison themselves and others around them is the same as the right for someone to buy and own Bitcoin?

This could turn into another health-environmental agenda in which some "geniuses" will claim that Bitcoin is more harmful to people than smoking ::)

Jamie Dimon's statement is infact joke of the day for me, if he's not interested in Bitcoin, then I wonder why he keeps talking about it, he should leave Bitcoin alone and focus on his financial interests, because the more he keeps criticizing it, the more people are seeing the irony of what he's saying. I can understand if anybody was being doubtful about Bitcoin in the early days of it's creation, even I was skeptical about it then too, but now that it has withstood the test of time and has proven to be a reputable and valuable asset, I don't see why some people will still doubt it, anyway they're entitled to their opinions, but that doesn't take anything away from the truth.

It's not that he's being ridiculous with his anti-bitcoin attitude, but what he says next. Have you noticed? The guy is an authoritarian trying to act like a libertarian.
First he says that we all have the right to buy bitcoin, that he'll defend that right, like a true freedom loving American would, but it's all a lie and he shows his true colours in the next sentence:

So he's fine with people doing it, but the government should stop them. The government should decide what people can and cannot buy, if they can take a risk or not!
He's an authoritarian that really wants people to be told what to do with their money. He doesn't like it that people are buying bitcoin and not holding money in his stupid bank. He is all about freedoms and choices as long as these are his freedoms and choices.

if JPM owned a stake in EV cars he would say 'dont buy diesel cars, but buy my EV cars'
if JPM owned a stake in vape sticks he would say dont buy tobacco, but buy my vapes'
if JPM owned ETFbitcoin he would say 'dont buy actual btc, but buy my ETF'
if JPM owned wheat stocks he would say 'dont buy actual wheat/bread, but buy my stocks'

oh wait.. he is doing exactly that

..
but just remember when people compare bitcoin to smoking or rat poison.. they are correct
smoking meat is the healthiest, best preservative.. bitcoin is the best wealth preservative

wall street is the rat-race and the rats are tradfi middlemen brokers.. bitcoin kills them off

What else do we expect from the statement of a banker like Jamie Dimon. Because no matter how good bitcoin is in the eyes of the public he still wouldn't consider it a good thing because it is not in line with what he currently has and what companies he is currently developing besides that he is also free to comment on anything but in the end it will be the same because seeing from what happened he could only comment and couldnt take action because he could not do that to move bitcoin stop .  So he is free to speak but in the end we also have our thoughts on bitcoin and we are also free to express what we want to do so that it will not have any impact on us because in the end he can only say to convince the people behind him who still believe in the bank system developed .

Dimon is a banker, of course he'll say everything against bitcoin to promote his bank's services to the masses. Except that his banks are also participating in bitcoin's bull run. His bank is continuously expanding their team focused solely on cryptocurrencies, so what does it tells us?

He also made a statement that he'll "defend your right to buy bitcoin" (https://decrypt.co/221367/jp-morgan-ceo-jamie-dimon-defend-your-right-to-buy-bitcoin) even though he won't hold it.

From all the negative statements he released against bitcoin, none of them really made a huge impact. Sure, there were times when bitcoin is experiencing a bearish market, but where do we stand right now compared to the previous ATH in the past?

One man's derogatory remarks in bitcoin won't matter, even if he's the CEO of one of the largest banks in the world. Jamie Dimon is, at this point, trying to get all the attention he can get for god-knows-what purpose.

That's what the smoking comparison is about. Not that he simply thinks that Bitcoin is harmful, but that he supports the right to buy it despite him viewing it as harmful. I'd say that it's a better position than the stance of Warren Buffet who would love to see Bitcoin banned, but it seems it's still not enough for most Bitcoiners who expect everyone to praise Bitcoin the way Miachel Saylor does. But I would personally rather take a honest skeptic who supports the right to use Bitcoin because it's an expression of freedoml; over some fake Bitcoin guru who will switch sides and start promoting altcoins tomorrow.

With a good heartedness, sometimes when you find yourself to had achieved all that great things you ever desired and has set a long run never to be departed from all that you have designated based on your satisfactions, I think you would either not be bothered to lingering to engage in more of the spheres with same goals so instead of chasing more to be achieved you would prefer carrying others along so they could also testify in meeting up with their own goals.

Life is free to decide what we wants and in a world with the freedom of speech, everyone is entitled to say their opinions.

 Jamie Dimon probably won't ever be sold on bitcoin.

He said this week he would defend the right to buy it, but wouldn't own any himself.

The JPMorgan head has long been a crypto skeptic, arguing that it finances illegal activities.  (https://markets.businessinsider.com/news/currencies/bitcoin-price-rally-jamie-dimon-record-high-cryptocurrency-smoking-fraud-2024-3) [/b]

So I literally does not blame the man of Jamie Dimon over his insight of Bitcoin.
At his own perspective, he could be right saying Bitcoin is a digital technology to illiciting or giving chances to illegal activities. Though Bitcoin can not be said to be an illegal digital currency but the illegality activities involved here is how fraudsters can operate and can not be apprehended and politicians could steal the public funds and gets assets of stolen funds hidden under the platform of Bitcoin investments and would not get caught due to the decentralized system especially a permit able system where one acquire Bitcoin while being concealed.

I do not think that he is against Bitcoin instead he would lead and encourage people to go by it because it is potential to lucratively expand financial levels and I believe he is just okay with his acquaintances and occupied to how engagements he would not want to be part of it.

That is one of the reasons it is said that Bitcoin is not for everyone but opened for everyone to decide their interests and opinions towards it.

Believe me, there are people who have passion over something but does not partake to it Instead they encourages people and speculates about the positive potentials. That is just one similar thing about this Jamie Dimon over Bitcoin.

Some people are literally talking about his smoking quote as if he said that Bitcoin is like smoking because it's bad for your health, despite him making a different implication.

I'm obviously not even saying that we should trust him or whatever as he's a total bozo.

Kind of ridicuous, I am convinced that he just does this all for the headlines. It is all a chess match to him and IMO he is just trying to fan the flames for the goverments to impose higher taxes on BTC like we are seeing right now with Biden's 30% energy tax on miners the proposed plan would be a huge blow to crypto in the states. I like how bullish this press is if you keep reading your article link down towards the end here is the quote: " A clampdown is unlikely. Instead, bullish analysts expect bitcoin to keep rising from here, with some estimates seeing the token reach as far as $200,000 by 2025."

Regardless of who this statement is coming, it doesn'take any Sense to say he can not hold Bitcoin but he can advice people to hold it, this is a statement that is coming from commercial banking experience who believes so much in the centralized control of money, that is why he linked Bitcoin with money laundering and drugs trafficking...


Anyways his company is already known for their large Bitcoin holdings and at that the statement should be trash and term as hypocritical, since he will be secretly benefits from the JP Bitcoin holdings.

Not sure why such posts popping up regarding Jemie! He is a troll and have always made negative comments about it. For the first time he was able to bring down the price and made an impact. But later the community learnt about his nature and stopped paying attention to him.

Just ignore! He could run a big bank but that doesn't make him a master of Bitcoin.

Indeed, from the way he sounds, if he was the president, he will ban Bitcoin. But unfortunately for him, he isn’t, and it is only his opinion. It doesn’t matter what price Bitcoin gets too, no one should bother about him because he has made his stance clear. But for some reason I hope he is also discouraging family and friends from Bitcoin because it sounds like he has a serious issue with it.