Thursday, September 14, 2017

JP Morgan Goes to War with Bitcoin

Article: Bitcoin is a fraud that will blow up, says JP Morgan boss - The Guardian

Article: Genesis Mining billboards say Jamie Dimon is right - 'Bitcoin will eat your lunch' - IBT

JP Morgan CEO Jamie Dimon has gone to war with Bitcoin. In a set of angry remarks, Dimon said that Bitcoin is only good “If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than US dollars.”

Naturally, anyone whose fortunes are rooted in the traditional economy are going to be threatened by cryptocurrencies. It's just entertaining to watch someone so publicly lose their @#$% over it!

Entertainingly, Genesis Mining, who provides Bitcoin mining services, is having a lot of fun with Dimon, putting up billboards mocking him!

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