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RE: From "Fraud" To "Portfolio Diversification" - JPMorgan Attitude Towards Crypto During The Last Few Months

in #bitcoin7 years ago

Jamie Dimon's position reminds me of Warren Buffet's position on investing in the internet revolution. Warren Buffet did not fully understand the internet and the potential in internet based companies and as a result did not invest in them.

I am sure if you spoke to Warren Buffet today he would have looked a lot closer at the start of the internet era.

I think Jamie has probably realised that the comments he made were said without much analysis on the subject and now he realises he needs to reassess his position.

For me it just reinforces what exciting times we are living through right now. It is still going to be an absolute roller coaster ride with many more up and downs, but bit by bit it will become more and more pervasive in everyday life.

The Steemit platform is such a great platform for promoting the potential of blockchain technology. In recent days I have spoken to people who are not very tech savvy and only understand the real basics of blockchain technology and the idea of Steemit really excites them as it has a real world application that they can relate to.