Don't they ever get tired of shouting the same spiel?? Bitcoin is a fraud. It is the Tulip bubble, Blockchain is evil and only used for evil.
Well this "Fraud" has been operating as legit as possible for over 8 years and just keeps on defying logic. If it truly is what they say now and have said countless of times Bitcoin should have died, yet here it is. Still kicking, Still standing except now it got a small army of other cryptos behind it with many of them aiming to promote new technologies into a incredibly stagnant field. This is a classic case of Old money obsessed with their old ways refusing to acknowledge even the tiniest possibility that the world economy is not according to their almighty charts.
Bitcoin might strike it big or it might fall,There will down periods and up periods. Time will tell how it will go, but it should have become clear that cryptocurrency is not some fad that will dissapear cause some fools saying it will. It has survived a lot worse and is clearly here to stay.
Also wasn't his one of the guys responsible for the economy collapse of 08??
I'm pretty sure the market that invests in crypto doesn't really care what JPM has to say. I'm also pretty sure that's why they're in crypto in the first place. If it has utility they can use or copy they will and their tune will change. Is it in a bubble? No idea, I do know this though ask 10 people about it and you'll get 9 1/2 blank stares. It'll be a bubble when your taxi driver or neighbor starts talking to you about it. Plus, Amazon, Google, Apple, eBay, they were all created during the dot.bomb bubble and I'd venture to the say the survivors stand to do fairly well.