After rubbishing bitcoins and other cryptos, Jamie Dimon has now resorted to threatening remarks against Bitcoin. This surely is a good sign as things are being taken more seriously by the "coterie of fraudsters". Surely, he rubs shoulders with many govts from the pseudo-democracies in US and Europe to the openly commie dictatorship in China. Therefore, this is not an apprehension by Jamie Dimon, but rather a veiled declaration of war against independent decentralized cryptos like Bitcoin.
This is the very reason my confidence is increasing in Bitcoins and other cryptos. The threat is being felt by the "central coteries" and they are no longer in a position to laugh it off.
https://www.coindesk.com/dimon-knocks-bitcoin-again-crackdown-likely-on-worthless-cryptocurrency/
"I am talking about the creation of money and value out of thin air," he continued. "Governments now look at it like it's a novelty but the bigger it gets the less of a novelty it becomes."........ does Dimon not understand that JP Morgan makes money out of thin air every time they approve a loan.
I guarantee you that Dimon does understand both fiat and cryptos quite well. He is not stupid but evil. He wants to retain the crown of being one of the rulers of the money system and sees Bitcoin and other decentralized cryptos as a serious threat.
He says he likes block-chain technology but does not want to loose control over the "money system". He is building a case by saying look block-chain is good but Bitcoin is bad. After that, he will introduce something based on block-chain minus the decentralization. A private institutional block-chain is clearly his agenda.
Till then, he will fight tooth and nail to create a FUD campaign with his "institutional coteries" around the world, from pseudo-democracies of US/EU to commie dictatorship in China.
But this is the exact reason, people should be more confident about Bitcoin. The threat that Bitcoin poses to these coterie shows that it is really working.