Hi Jamie,
We've never met, and I never expected to find myself in the position of writing you an open letter. But this weekend, days after your observations on Bitcoin, strangers all over the world, plus old friends like my high school best friend's younger brother, were still tweeting or messaging me about your comments, so here goes.
More @ https://www.forbes.com/sites/laurashin/2017/09/18/jamie-dimon-heres-why-youre-wrong-about-bitcoin/#18ec7f524aac
We've never met, and I never expected to find myself in the position of writing you an open letter. But this weekend, days after your observations on Bitcoin, strangers all over the world, plus old friends like my high school best friend's younger brother, were still tweeting or messaging me about your comments, so here goes.
More @ https://www.forbes.com/sites/laurashin/2017/09/18/jamie-dimon-heres-why-youre-wrong-about-bitcoin/#18ec7f524aac
Nice article, but it seems to presume that Jamie Dimon 's comments were made from ignorance rather than due to a vested interest. JP Morgan would like to see Bitcoin fail and Jamie's comments help in that aspect. As the author says, the clients of JP Morgan continue to buy Bitcoin.
Should had been vested interest rather than ignorance. These people are not idiot to just state something that will not benefit them nor say something on an issue without researching it. Aside from that this institution have lots of connection that can be able to relay to them the possible financial issue brewing inside a country (this time China hostility to Bitcoin that can afffect its price). And who knows, we are not sure that these transactions are from their clients, probably it is them, shorting their trade, FUDing Bitcoin and buying at cheaper price. That is actually a good strategy .
