Jamie Dimon said he would close Bitcoin down if he was in government

[Sim_card]

Every Dick and Harry will come out and claim to be innocent because they hate the financial freedom that bitcoin has given to us, when they are even more corrupt and they are criminals themselves. Check everyone that is against bitcoin, there hands are not clean, and that is why they are afraid of bitcoin potential because it is a threat to them as they can't control it and they are clueless of how many people are using or own bitcoin. They are scared that someday, they might lose it all and bitcoiners might end up winning. Jamie sees bitcoin as a big threat to him and bitcoin has pit him to shame in the previous years that he thought bitcoin will not survive. Now that he has seen that bitcoin fundation is solid, he is showing his anger and hatred for bitcoin by coming to the public saying he will have shut down bitcoin, which is impossible when he is nobody. Even the government have tried their best to do so but it was all on vain. Long live bitcoin.

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[pakhitheboss]

J P Morgan made what US is now and they can see it is slowly going out of thier hands. That is why they are coming out with absurd statements every now and then. They know the cannot control Bitcoin which why they want to close it. But, how will they close it as Bitcoin doesn't have any physical presence. It is not a store but located in the US but collection of node across the globe.

Sometimes when you don't know admit that you don't know and save your self from the public shame as a public figure. I have always seen big and powerful men come up with statements that proves they don't have any understanding about Bitcoin.

[Alphakilo]

when people can be their own portfolio manager of an asset. not needing JP to take his management fee and spreads.. ofcourse he is not going to like bitcoin/crypto

people are becoming wise to the thought that they used to think but no longer needed to put money into JP and JP then gives them just 2%-7% on a market that performed a 30% swing in a year

now people are self managing assets and getting 25%+ per year average. he's mad that not as many people are buying into his service anymore

..
his game plan now is to franchise out his "chase" bank company into more countries hoping to win customers favour and have a new userbase to offer his services too.... poor guy

JP Morgan and Dimon are pained that people are no longer as ignorant and naive as they used to be. I am not surprised that they rushed to create their own token because they want to keep their client's. Like you said people are already wise and even when bitcoin's price finally becomes stable, it will still perform better that whatever JP will propose to give their clients.

He is losing now and he will lose again in the future...his analysts should have told him this which is the reason for his utterances and hated against bitcoin.

[SquirrelJulietGarden]

Third, and most importantly, the government cannot shut down Bitcoin. Neither can JPMorgan. Neither can all of these extremely powerful banks all over the world. Neither can the combined powers of both the governments and the banks. Having said this, Jamie Dimon should either shut up because they're all helpless and powerless in the face of Bitcoin or hop on the bandwagon, be cool, make money, be more powerful, and be free.

He does not have that power and likely will not have it in future. He can become a President of a nation but even with that power, what will he do?

Banning Bitcoin?
Killing the Bitcoin network?

He will never be able to do this as a single person or with power of a single nation because Bitcoin network is decentralized globally.

And they insist on continuing to make fools of themselves, we should not pay too much attention to this nonsense from the forum, rather than for entertainment purposes.

Jamie and JP Morgan only focus on money, ROI they can have for their bank. What people especially Bitcoin communities think about Jamie and JP Morgan, is not their main concern.

Around the corner of 2023, we have a funny comedy from Jamie. Enjoy his comedy but he will come back with others in future.

[tabas]

Since 2018, he has been talking like this with Bitcoin and isn't it clear that he's got into something? He's buying for sure at the dips and people don't realize that. Didn't he launched his JPMorgan coin or something like that? Anyway, I've made a thread on 2018 about him calling all of his bias against Bitcoin through this thread:

I'll quote it all for you.

I'll summary the sequence;
1. Called bitcoin a fraud.
2. Bought at dip
3. Regret calling bitcoin a fraud.
4. Overcharged cryptocurrency purchases.

The lesson here for those who are keep on spreading FUD in the forum about negative news. Try to learn and understand this technique made by Jamie Dimon. (Chairman and CEO of JPMorgan)

By the way, I've just seen this news 3 hours ago.

Crypto is for criminals? JPMorgan has been fined $39B and has its own token

[Russlenat]

This proves that their own business with money laundering is highly threatened with the existence of bitcoin. So they need to shut down bitcoin and vanish from its existence. But the question is can they shut down bitcoin? Of course it will never be possible. If ever he'll be in the government, all he can do is to ban bitcoin and restrict the people from having an access but they can never put bitcoin out from its existence.

However, that was just a plan. We don't know yet if he's really serious about it or he is just also riding what the government wants.

[Blitzboy]

Jamie Dimon's position is expected. His dismissing of Bitcoin as a tool for crime ignores its wider impact. Isn't it ironic that traditional banks have enabled financial crimes for decades? Yet, Bitcoin, a decentralized financial system that empowers the public, is called "evil" and "fraudulent".

Dimon's statements show fear of change and resistance. He's holding onto antiquated models for personal gain. Control (not crime) is the issue. He opposes Bitcoin because it threatens the banking system. In addition to being uninformed, his statements show fucking bias. Bitcoin's transparency and decentralization suggest a more equal financial system, which Dimon seems unwilling to accept.

[aoluain]

Since 2018, he has been talking like this with Bitcoin and isn't it clear that he's got into something? He's buying for sure at the dips and people don't realize that. Didn't he launched his JPMorgan coin or something like that? Anyway, I've made a thread on 2018 about him calling all of his bias against Bitcoin through this thread:

I'll quote it all for you.

I'll summary the sequence;
1. Called bitcoin a fraud.
2. Bought at dip
3. Regret calling bitcoin a fraud.
4. Overcharged cryptocurrency purchases.

The lesson here for those who are keep on spreading FUD in the forum about negative news. Try to learn and understand this technique made by Jamie Dimon. (Chairman and CEO of JPMorgan)

By the way, I've just seen this news 3 hours ago.

Crypto is for criminals? JPMorgan has been fined $39B and has its own token

I did a thread on him back in 2021 too > Jamie Dimon & Tulip Bulbs

...anyway this is just more hot air from Dimon and its clear he says one thing and does another.

The worlds largest asset management company ^Blackrock and their clients obviously
dont see Bitcoin the way he says he sees it.

Surely he isnt that naive in thinking Bitcoin can just be "shut down" or is he just pandering
to his audience who expect this negativity and skepticism.

[tabas]

~snip~

I did a thread on him back in 2021 too > Jamie Dimon & Tulip Bulbs

...anyway this is just more hot air from Dimon and its clear he says one thing and does another.

The worlds largest asset management company ^Blackrock and their clients obviously
dont see Bitcoin the way he says he sees it.

Surely he isnt that naive in thinking Bitcoin can just be "shut down" or is he just pandering
to his audience who expect this negativity and skepticism.

He knows what this community knows but his own community(clients) don't know what he knows. Well, this is going to be a nonstop edition of his own bashing of Bitcoin because if there's one thing that's not volatile and consistent, that's him telling Bitcoin this and that.

Jamie Dimon's position is expected. His dismissing of Bitcoin as a tool for crime ignores its wider impact. Isn't it ironic that traditional banks have enabled financial crimes for decades? Yet, Bitcoin, a decentralized financial system that empowers the public, is called "evil" and "fraudulent".

They're all silent for that because they know that there's more to the banking/financial service that they're offering. They know a lot of things that their clients don't know that revolves around with their services. Dimon always get the attention of the mass this way and who knows if there will be a bank that's going to be taken down by the SEC or any responsible agency in the US just as how FTX was taken down. They can't think that they're too big to fail.

[kryptqnick]

I have a special kind of disgust and despise for JPMorgan, and I don't think its main representatives have any moral ground to argue that Bitcoin is used by criminals and should be restricted on whatever. Just in 2020, JPMorgan paid almost a billion dollars to resolve criminal charges related to defraud.
In 2019, a ship owned by JPMorgan was seized with 20 tons of cocaine on board. There are other stories with this company that cast doubt on how it operates, but these are just those I recalled immediately. So maybe it's JPMorgan that needs shutting down, considering their clear and very criminal record, rather than Bitcoin that's not even a company and cannot be shut down or blamed for much.

[cryptoaddictchie]

Simply a fud to whine down the current positive market action. As if their company didnt engage on any crypto at all to say this. They really dont want to have a competition on their money making scheme. If bitcoin overtake their company then he should accept that and even he wanted to shut down bitcoin its a system cant be control anymore. Thats how Satoshi designed that so no one can manipulate the system for themselves.

[Wind_FURY]

Jamie Dimon, the same person who said Bitcoin could print more coins because "Did you see the algorithms"?

¯\_(ツ)_/¯

If the government decided to shut the network down, they're already too late. They would have to shut the internet down to stop Bitcoin. Plus the cat is out of the bag, because if they succesfully stopped Bitcoin, the idea of a Bitcoin will continue to exist and another one will definitely be built, after another.

Satoshi opened a Pandora's Box, and it will never be closed again.

[Wapfika]

In any case, do they feel threatened? It appears that they do not like competition on their moneylaundering, tax evasion and off the books transactions operations that they do for their rich clients hehehe.

I believe not threatened but rather salty because Bitcoin is printing again growth which they are left behind. They are salty because Bitcoin keeps growing to the level which bank is shown not needed anymore when it comes to transacting huge amount.

I watch the interview and all of his accusations are happening even on fiat too. He is just finding a way to brand negative Bitcoin because of the current hype.

[Steph.A]

Kind of expected from a wall street banker.
They can't control it so they will try to sink it as much as possible. The whole idea of decentralization is a nightmare to their monopoly.

[buwaytress]

He couldn't shut down his own company if he wanted to -- that's as the most powerful man there. Not like we need more proof that most powerful people (financially) and regulators still don't understand a network that isn't an opaque contraption of control. I'll slot this comment (even if taken out of context) right next to "sanctioning" Bitcoin addresses.

[LoyceMobile]

A rich banker who doesn't want to become obsolete. Guess that's why he doesn't want to close banks, which launder more money than anything else.

[Franctoshi]

This is not new to the crypto or first of its kind, that we saw people made similar statements or the first time he had talked some negative things about Bitcoin.The bull market is around the conner and we should expect or prepare to see statements like this in the coming days to actully fool the fools, Follow the money and don't follow what they say. Even for the government itself, it hasn't been easy for the government to ban Bitcoin because it's truly decentralized. However, he is entitled to his opinion or view about Bitcoin but in the end the statement won't hold water.

[Kakmakr]

" JPMorgan Chase has been fined nearly $39 billion for all kinds of claims of misconduct, including anti-competitive practices, securities abuses, cheating worker pay, and other violations." - Source : https://goodjobsfirst.org/jpmorgan-chase-has-paid-38995000000-in-fines-for-banking-securities-and-additional-violations-as-new-sec-enforcement-action-kicks-in/

" In 2020, JPMorgan Chase was fined $920 million for trading misconduct and deceptive behavior. U.S. regulator The Commodity Futures Trading Commission said that the bank had engaged in deceptive trades over the last 8 years.. " : Source https://www.enzuzo.com/blog/biggest-aml-fines

So, if you point fingers at someone..... make sure 4 fingers are not pointing back at you. Do I need to say anything else?

[NeilLostBitCoin]

I don't think even if someone is in the government, they have the power to stop Bitcoin. Those who have ulterior motives would still use it anonymously even if it were banned. It does not make sense to ban Bitcoin as it benefits many people. I am certain that many government officials use Bitcoin for the same purposes that they claim to want to ban it for. It is clear that many of them benefit from its use.

[Hamza2424]

His stance on bitcoin was never positive. Just like Warren Buffet. I don’t think he will ever come to terms and accept it.

However besides banning businesses and customers of his bank from acquiring crypto, there isn’t more harm he can do. He doesn’t have enough influence of the SEC to get it from being approved.

Whenever he mentions something about bitcoin, just ignore it.

Hmm, well I've noticed it with many of the personalities, TBH we can consider such people as not open to talk are are just on the oneway road and in ego the fire of ego hehe they wont even take a U-turn. In end i just ignore them as who cares haha.