Bitcoin Spot ETFs approved, Bitcoin is not fraud. Where is Jamie Dimon?

[pooya87]

In a way this is all good for Bitcoin because when people like Dimon say some nonsense about Bitcoin like "it is fraud" and when people know he and his company are the most fraudulent beings in this world, they can know the sides a lot better.

One side is the side of Bitcoin where we have an exit route from the fraudulent system and the other side is that fraudulent system that is attacking Bitcoin and spreading FUD about it.

The day criminals and crooks like Jamie Dimon start praising Bitcoin is the day we should start worrying...

[1714694934]

1714694934

[1714694934]

1714694934

[1714694934]

1714694934

[OcTradism]

In a way this is all good for Bitcoin because when people like Dimon say some nonsense about Bitcoin like "it is fraud" and when people know he and his company are the most fraudulent beings in this world, they can know the sides a lot better.

One side is the side of Bitcoin where we have an exit route from the fraudulent system and the other side is that fraudulent system that is attacking Bitcoin and spreading FUD about it.

The day criminals and crooks like Jamie Dimon start praising Bitcoin is the day we should start worrying...

Jamie Dimon does free advertisement for Bitcoin even he does not use good words to say about Bitcoin.

Some people will quickly believe in Jamie Dimon's words and ignore Bitcoin but some will be exposed to Bitcoin a first time ever by watching Interviews of Jamie Dimon. If they are hard core people, they will do their due diligent researches and eventually will discover something good for their finance.

With each Bitcoin halving, we have more fud but at the same time, more intensity of appearances for Bitcoin on television, social media and it brings a lot of good contribution for Bitcoin adoption.

[Wind_FURY]

In a way this is all good for Bitcoin because when people like Dimon say some nonsense about Bitcoin like "it is fraud" and when people know he and his company are the most fraudulent beings in this world, they can know the sides a lot better.

One side is the side of Bitcoin where we have an exit route from the fraudulent system and the other side is that fraudulent system that is attacking Bitcoin and spreading FUD about it.

The day criminals and crooks like Jamie Dimon start praising Bitcoin is the day we should start worrying...

It's not about "what's good for Bitcoin" and how it would change their point of view. It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis, could be very misinformed/stupid about Bitcoin to say that "SATASHI" could come back to increase the supply, or "erase" the supply.

They merely notice the "Coin", and ignore the network/breakthrough of Nakamoto Consensus and how that solves the Byzantine General’s Problem, which makes it possible to build truly decentralized systems.

[mindrust]

Jamie Dimon said many times that Bitcoin is a fraud.

He is making money. Millions and millions.

Do you think he is not making money from bitcoin? Then you are a fool. Just because he doesn't like bitcoin, doesn't mean he is not going to make money from trading bitcoin. When there is money to be made, it will be made and JPM is very good at playing this game.

JPMorgan Chase & Co. is an American multinational financial services firm headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023.

https://en.wikipedia.org/wiki/JPMorgan_Chase

That guy may have said that to manipulate the markets. You'll never know what his real intention was.

[Wind_FURY]

Jamie Dimon said many times that Bitcoin is a fraud.

He is making money. Millions and millions.

Do you think he is not making money from bitcoin? Then you are a fool. Just because he doesn't like bitcoin, doesn't mean he is not going to make money from trading bitcoin. When there is money to be made, it will be made and JPM is very good at playing this game.

If you ask me, it's not about whether Jaime Dimon hates Bitcoin or not, or whether J.P. Morgan is making money from it or not. It's how misinformed he is about Bitcoin, and he talks as if he knows or understands how the system works. He's an intelligent man, and if he could set hubris aside, I believe he would respect what the protocol is trying to do technically although knowing that Bitcoin would eat through centralized financial systems.

JPMorgan Chase & Co. is an American multinational financial services firm headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023.

https://en.wikipedia.org/wiki/JPMorgan_Chase

That guy may have said that to manipulate the markets. You'll never know what his real intention was.

Perhaps, then would he say positive things about Bitcoin to manipulate the price to surge up?

[Lucius]

If you ask me, it's not about whether Jaime Dimon hates Bitcoin or not, or whether J.P. Morgan is making money from it or not. It's how misinformed he is about Bitcoin, and he talks as if he knows or understands how the system works. He's an intelligent man, and if he could set hubris aside, I believe he would respect what the protocol is trying to do technically although knowing that Bitcoin would eat through centralized financial systems.

People in high positions do not necessarily have to be intelligent, because they do not come to such positions because of their expertise or intelligence, but because of that they are eligible according to certain criteria. There are a lot of people who can be called "useful fools" because they serve a purpose and nothing more.

An intelligent person can understand something that is very easy to understand and factually provable to anyone with a bit of common sense. The question is, does he even have the intelligence you are talking about or is he just one of those "useful fools" who says a lot without even being aware of what exactly he said.

[Wind_FURY]

If you ask me, it's not about whether Jaime Dimon hates Bitcoin or not, or whether J.P. Morgan is making money from it or not. It's how misinformed he is about Bitcoin, and he talks as if he knows or understands how the system works. He's an intelligent man, and if he could set hubris aside, I believe he would respect what the protocol is trying to do technically although knowing that Bitcoin would eat through centralized financial systems.

People in high positions do not necessarily have to be intelligent, because they do not come to such positions because of their expertise or intelligence, but because of that they are eligible according to certain criteria. There are a lot of people who can be called "useful fools" because they serve a purpose and nothing more.

An intelligent person can understand something that is very easy to understand and factually provable to anyone with a bit of common sense. The question is, does he even have the intelligence you are talking about or is he just one of those "useful fools" who says a lot without even being aware of what exactly he said.

Placing personal biases aside, I believe it takes a very intelligent individual to become a CEO of a medium-sized financial institution at the age of 30, help save it from failure, and through a series of mergers and acquisitions, turn it into the largest financial institutions during that time called Citi Group.

Plus he did it again under his leadership in J.P. Morgan. That's why it's very laughable that this person, who obviously has above-average intelligence, could be very misinformed and stupid.

¯\_(ツ)_/¯

[moneystery]

jamie dimon, warren buffett, peter schiff, name the bitcoin haters you want, they all hate bitcoin and the people who support it, but do they hate bitcoin because of its features? no. they hate bitcoin because bitcoin can disrupt their business which will make them lose money. they are afraid that if bitcoin becomes more popular and adopted by more people globally it will disrupt their banking business which is something they don't want.

so these capitalists and opportunists will forever continue to hate bitcoin even as its adoption increases. they will consistently spread rumors and negative recommendations about bitcoin to tarnish its image in the eyes of the public, so that people are reluctant to choose bitcoin and prefer their banking products.

and it is our duty as a bitcoin community to be able to spread the good news about bitcoin to more people. so that way adopters of bitcoin will increase and that will prevent bitcoin from falling as predicted by the bitcoin haters.

[Fivestar4everMVP]

Jamie Dimon's bad comments on bitcoin is just one, out of the hundreds of millions out there, Jamie's comments seems to be the most talked about simply because he is an influential figure, and someone many actually look(ed) up to for guidance in terms of where and where not to invest in, and also what and what not to invest in.

I am particularly happy that the US security and exchange commission have approved the much awaited and anticipated bitcoin ETF, this will act as an automatic "STFU" to naysayers,  and a proof to those who have doubted the legitimacy of bitcoin for several years now.

I can't wait for the next bull run to set in, we could be seeing bitcoin reach a new all time high never imagined by anyone.

[Lucius]

Placing personal biases aside, I believe it takes a very intelligent individual to become a CEO of a medium-sized financial institution at the age of 30, help save it from failure, and through a series of mergers and acquisitions, turn it into the largest financial institutions during that time called Citi Group.

Plus he did it again under his leadership in J.P. Morgan. That's why it's very laughable that this person, who obviously has above-average intelligence, could be very misinformed and stupid.

¯\_(ツ)_/¯

If he is really as intelligent as you think he is, for what reason has he been making statements about Bitcoin for years that are not exclusively negative, as is the case with Buffett, but more like the statements made by a man who can't even understand what Bitcoin is and what is the purpose of existence the same?

From my perspective, he doesn't look like an intelligent person, but I leave it to everyone to think what they want about such people. I have never admired or envied them for what they do in life, and I always wonder about people who are involved in Bitcoin, and at the same time they care what people like Dimon think - Satoshi invented Bitcoin precisely to be an alternative to banks and to the people who manage them.

[Z-tight]

I am particularly happy that the US security and exchange commission have approved the much awaited and anticipated bitcoin ETF, this will act as an automatic "STFU" to naysayers, and a proof to those who have doubted the legitimacy of bitcoin for several years now.

The proof that BTC is a legitimate network is that it is open source and public for anybody to verify. It is also worth mentioning that the BTC network has been running since it was created till date, with growing demand and developments, when some people predicted that it was a bubble that would only last for a short time.

BTC 'proof of legitimacy' is in its various working use cases or utilities and not because the sec approved BTC etf's in the U.S. market, the network does not need approval from centralized institutions in order to be regarded as legitimate.

[Wind_FURY]

Placing personal biases aside, I believe it takes a very intelligent individual to become a CEO of a medium-sized financial institution at the age of 30, help save it from failure, and through a series of mergers and acquisitions, turn it into the largest financial institutions during that time called Citi Group.

Plus he did it again under his leadership in J.P. Morgan. That's why it's very laughable that this person, who obviously has above-average intelligence, could be very misinformed and stupid.

¯\_(ツ)_/¯

If he is really as intelligent as you think he is, for what reason has he been making statements about Bitcoin for years that are not exclusively negative, as is the case with Buffett, but more like the statements made by a man who can't even understand what Bitcoin is and what is the purpose of existence the same?

From my perspective, he doesn't look like an intelligent person, but I leave it to everyone to think what they want about such people. I have never admired or envied them for what they do in life, and I always wonder about people who are involved in Bitcoin, and at the same time they care what people like Dimon think - Satoshi invented Bitcoin precisely to be an alternative to banks and to the people who manage them.

That's the irony, and if you try to get the context of my posts, I'm definitely more confused than you. "How could a man so intelligent be so misinformed about Bitcoin"?

Plus about the ETF's approval, I believe it's not about whether the banksters think it's a, OP's word, "fraud" or not. It's probably because they need to. Because Bitcoin is a threat that they can never terminate, what will they do? They will attempt to control it and keep it under their custody.

[pooya87]

It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis

Did he really? As far as I know the government had to bail the banks out because if they hadn't the banking system and their own economy would have fallen apart. Maybe he is really smart to run such an elaborate scam and get away with it

[OcTradism]

It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis

Did he really? As far as I know the government had to bail the banks out because if they hadn't the banking system and their own economy would have fallen apart. Maybe he is really smart to run such an elaborate scam and get away with it

Government knew clearly that if JP. Morgan bank collapses, it will trigger a massive domino effects not only restricted locally in the USA. but also spread quickly to other countries. The domino effects from JP. Morgan bankruptcy would be globally, not nation-wide.

They did made actions to seriously to support JP. Morgan and other big banks with ultimate goal is saving their own economy and government. No President want to join a year of President Election with a terrible economy in their nation. We are witnessing again in 2023 and 2024 as the current USA. government are trying to create pressure on FED. to reduce pressure on their economy.

[Wind_FURY]

It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis

Did he really? As far as I know the government had to bail the banks out because if they hadn't the banking system and their own economy would have fallen apart. Maybe he is really smart to run such an elaborate scam and get away with it

You may be right, but lt's still a fact that, under his leadership, Jamie Dimon helped two financial institutions become the largest banking and investment operation in legacy finance. THE actual point is he's not a stupid person with below-average intelligence, and that might be not debatable. I'm also merely being fair, and we should always be giving people the benefit of the doubt. Bitcoin Cash SV flat-earthers are probably the exception.

But does Jamie Dimon hate Bitcoin? YES because the "idea of Bitcoin" is a threat to legacy finance. Is he stupid in anything about Bitcoin? YES, this man is absolutely misinformed.

[pooya87]

But does Jamie Dimon hate Bitcoin? YES because the "idea of Bitcoin" is a threat to legacy finance. Is he stupid in anything about Bitcoin? YES, this man is absolutely misinformed.

Fair enough.
Regarding this part about such people "hating bitcoin", I'm not so sure. It is a possibility but it may also be that they just see Bitcoin as another tool to fill their pockets. Right now it benefits them to spread FUD about it and it could change in the future.

Remember Musk? He did this in reverse. It benefited him to praise Bitcoin while it was going on and he had a stake in it and was making profit but when the profit stopped and he wanted to exit, he started spreading FUD. Then he did the same with a shitcoin called Dogecoin and made some money there too.

I'm almost certain that if JPM were allowed to open bitcoin accounts (like they do bank accounts) for customers and they saw a profit there, Dimon will start praising Bitcoin. After all it is all about making money for this type of people.

[Lucius]

It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis

Did he really? As far as I know the government had to bail the banks out because if they hadn't the banking system and their own economy would have fallen apart. Maybe he is really smart to run such an elaborate scam and get away with it

It's easy for people like Dimon to be "intelligent" when the state is behind you and fixing all your mistakes with unlimited money. In a way, it's a perfect job, because no matter how badly you do something, there are always those who will fix it, and you'll also get a promotion.

These days I am reading about the fact that it is being investigated how much Tesla actually cheated on the displayed data on the energy consumption of its vehicles and how much it received incentives from the state based on that data. It's billions of dollars paid by taxpayers for some self-righteous hypocrite to brag about making the world a better place - while at the same time children and their parents work in cobalt mines in Africa for $2 a day for his "green" batteries.

[Wind_FURY]

But does Jamie Dimon hate Bitcoin? YES because the "idea of Bitcoin" is a threat to legacy finance. Is he stupid in anything about Bitcoin? YES, this man is absolutely misinformed.

Fair enough.

Regarding this part about such people "hating bitcoin", I'm not so sure. It is a possibility but it may also be that they just see Bitcoin as another tool to fill their pockets. Right now it benefits them to spread FUD about it and it could change in the future.

But why FUD it? At the very minimum start a reasonable debate, not a stupid, misinformed statement saying that SATASHI will come back and either increase or erase the supply.

Remember Musk? He did this in reverse. It benefited him to praise Bitcoin while it was going on and he had a stake in it and was making profit but when the profit stopped and he wanted to exit, he started spreading FUD. Then he did the same with a shitcoin called Dogecoin and made some money there too.

I'm almost certain that if JPM were allowed to open bitcoin accounts (like they do bank accounts) for customers and they saw a profit there, Dimon will start praising Bitcoin. After all it is all about making money for this type of people.

Tesla still holds 9720 Bitcoin, https://bitcointreasuries.net/

I believe Elon Musk's "FUD" was done because he owns an electric car company with a vision to use clean sustainable energy. He was probably trying to save the company from a public relations issue.

[OcTradism]

Tesla still holds 9720 Bitcoin, https://bitcointreasuries.net/

I believe Elon Musk's "FUD" was done because he owns an electric car company with a vision to use clean sustainable energy. He was probably trying to save the company from a public relations issue.

Recent months, Elon Musk was quite silent when he was asked severap times about his opinion on Bitcoin and cryptocurrency market. It is different than his attitude in the past and maybe it is because he is planning to do something with X as a super app includes digital payment.

Weeks ago he told that SpaceX still has big number of bitcoin but that company is not regulated to publicly report on their investment in Bitcoin, different than Tesla.

[Wind_FURY]

Tesla still holds 9720 Bitcoin, https://bitcointreasuries.net/

I believe Elon Musk's "FUD" was done because he owns an electric car company with a vision to use clean sustainable energy. He was probably trying to save the company from a public relations issue.

Recent months, Elon Musk was quite silent when he was asked severap times about his opinion on Bitcoin and cryptocurrency market. It is different than his attitude in the past and maybe it is because he is planning to do something with X as a super app includes digital payment.

He definitely needs to be silent about Bitcoin because he holds the the third largest wallet among business institutions that's not offering an ETF. Greta might reprimand him for investing in something that's "destryoing the environment".

Weeks ago he told that SpaceX still has big number of bitcoin but that company is not regulated to publicly report on their investment in Bitcoin, different than Tesla.

That's probably where he's hiding the wallet with the larger amount of Bitcoin?