Jamie Dimon Compares Bitcoin to Smoking

[avreli]

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.

[LoyceMobile]

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

[dzungmobile]

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!

In 2017
JPMorgan's Dimon says bitcoin 'is a fraud'
JPMorgan to give all wealth clients access to crypto funds.
Dimon’s many bitcoin moments of regret.

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

[Oshosondy]

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.

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.

[rat03gopoh]

https://markets.businessinsider.com/news/currencies/bitcoin-price-rally-jamie-dimon-record-high-cryptocurrency-smoking-fraud-2024-3
"If I was the government, I'd close it down,"

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

[348Judah]

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.

[thecodebear]

lol since when did hard money become like smoking 

[Husires]

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.

[adaseb]

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.

[blckhawk]

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.

[Poker Player]

Worry about Jamie Dimon?

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

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.

[mk4]

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.

[2Pizza410000BTC]

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.

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.

[pinggoki]

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.

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.

[pooya87]

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.

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

[franky1]

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

[btc78]

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.

[dzungmobile]

Very well exemplified.

Thanks.

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.

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.

[ABCbits]

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.

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.

[NotATether]

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