[2017-09-13] Left Hook To Bitcoin Price from the Head of JPMorgan

[Vladdirescu87]

Bitcoin’s price managed to stand strongly against the punch from the authorities of China, who have banned ICOs, but another left hook from the head of JPMorgan Chase & Co., Jamie Dimon, who called cryptocurrencies a "fraud", has drawn Bitcoin down sharply.

Jamie Dimon, speaking at the Barclays financial conference in New York, was very aggressive towards Bitcoin and bank workers who are interested in cryptocurrency trades. He actually said that he would immediately dismiss anyone in a bank for trading in bitcoin, calling it stupid and a dangerous thing to do.

The full article: https://coinidol.com/left-hook-to-bitcoin-price-from-the-head-of-jpmorgan/

[Kprawn]

Wall Street banksters received big bonuses for packaging up mortgages they knew would not be repaid into securities that

they could sell to investors for big fees. Dimon’s pay package for 2013, the year of the big government settlement, was

$20 million—a raise of 74 percent from the year before.

JP Morgan's history is as follows :

http://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase

[DooMAD]

Also on Reuters:  https://www.reuters.com/article/us-usa-banks-conference-jpmorgan/jpmorgans-dimon-says-bitcoin-is-a-fraud-idUSKCN1BN2KP

What a shocker.  Don Dimon, Bankster Mafia Godfather, doesn't like a technology that threatens his criminal empire.  Who could possibly want to use something that frees them from a life of bankster control and surveillance?  

If Bitcoin is only used by people who are closely involved in offences including drugs and murder, then apparently banks can only be run by people who are closely involved in offences including corruption, perjury, bribery, forgery, defrauding homeowners, rigging markets, betting against its own customers and violating US trade laws, amongst others.  I think we all know who the real criminals are.

But they still like blockchain, funnily enough.  Can't wait to see how those walled gardens stack up when (or even if) they eventually come to fruition and compete on the market.