Cryptocurrency doesn't fit into their models of understanding so they bash it as much as they can. Deep down they know they're in trouble because their competitive advantage has been exposed.
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Well economists live in a world of theory so they tend not to understand what is going on.
Lawyers live in a world of lies. Media people end up simply being propaganda.
The likes of Dimon know what is taking place and he is scared. He knows what it could do to them.
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So they try to paint a picture that's not based on reality then promote it with the power and reputation they are left with.
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