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Author Topic: JP MORGAN 2014 : bitcoin is a 'terrible store of value  (Read 55 times)
intrader (OP)
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January 08, 2021, 06:11:54 AM
 #1

2014 : J.P. Morgan's Jamie Dimon says bitcoin is a 'terrible store of value'
https://www.google.com/amp/s/www.marketwatch.com/amp/story/jp-morganaposs-jamie-dimon-says-bitcoin-is-a-aposterrible-store-of-valueapos-1390498669

2021: JPMorgan Predicts Bitcoin Price Could Rise Over $146K in Long Term

https://www.google.com/amp/s/www.coindesk.com/jpmorgan-predicts-bitcoin-price-could-rise-over-146000-in-long-term%3famp=1

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btc_angela
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January 08, 2021, 07:24:01 AM
 #2

Not siding with JP Morgan, but I do agree on their statement about bitcoin being a terrible store of value way back in 2014. Still early that time, bitcoin is barely what 4-5 years and with the memory of Mt. Gox hack still up in the air, we can understand them and other banks stance on bitcoin. However, time has change and we all know that this bank is in the business of making money.

And now they see bitcoin as an hedge. And with big companies joining the bandwagon, they have to make a U-turn statement to take advantage of the current bull run, just the typical money making business or greedy businessman behind.

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January 12, 2021, 01:51:54 PM
 #3

2014 : J.P. Morgan's Jamie Dimon says bitcoin is a 'terrible store of value'
https://www.[Suspicious link removed]story/jp-morganaposs-jamie-dimon-says-bitcoin-is-a-aposterrible-store-of-valueapos-1390498669

2021: JPMorgan Predicts Bitcoin Price Could Rise Over $146K in Long Term

https://www.[Suspicious link removed]s/www.coindesk.com/jpmorgan-predicts-bitcoin-price-could-rise-over-146000-in-long-term%3famp=1

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In 2014 their opinion based on currently situation, but time changed and now they can give any prediction as they want.
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January 12, 2021, 02:26:58 PM
 #4

By 2014 and up to the time that they've said that bitcoin is a fraud, maybe by those times, they're already having an entry. 2014 was still early for bitcoin to see its future but this time, it's entirely different from the past. Now, JP Morgan has sided up with bitcoin and be ready to hear such statements again from the new upcoming players. Don't get annoyed if they say almost exact and the same words as they did. That's always the sign of an entry or else, they don't really understand bitcoin.

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