Topic: Bitcoin Spot ETFs approved, Bitcoin is not fraud. Where is Jamie Dimon? - page 2. (Read 454 times)

He is making money. Millions and millions.

Do you think he is not making money from bitcoin? Then you are a fool. Just because he doesn't like bitcoin, doesn't mean he is not going to make money from trading bitcoin. When there is money to be made, it will be made and JPM is very good at playing this game.

https://en.wikipedia.org/wiki/JPMorgan_Chase

That guy may have said that to manipulate the markets. You'll never know what his real intention was.

It's not about "what's good for Bitcoin" and how it would change their point of view. It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis, could be very misinformed/stupid about Bitcoin to say that "SATASHI" could come back to increase the supply, or "erase" the supply.

They merely notice the "Coin", and ignore the network/breakthrough of Nakamoto Consensus and how that solves the Byzantine General’s Problem, which makes it possible to build truly decentralized systems.

Jamie Dimon does free advertisement for Bitcoin even he does not use good words to say about Bitcoin.

Some people will quickly believe in Jamie Dimon's words and ignore Bitcoin but some will be exposed to Bitcoin a first time ever by watching Interviews of Jamie Dimon. If they are hard core people, they will do their due diligent researches and eventually will discover something good for their finance.

With each Bitcoin halving, we have more fud but at the same time, more intensity of appearances for Bitcoin on television, social media and it brings a lot of good contribution for Bitcoin adoption.

In a way this is all good for Bitcoin because when people like Dimon say some nonsense about Bitcoin like "it is fraud" and when people know he and his company are the most fraudulent beings in this world, they can know the sides a lot better.

One side is the side of Bitcoin where we have an exit route from the fraudulent system and the other side is that fraudulent system that is attacking Bitcoin and spreading FUD about it.

The day criminals and crooks like Jamie Dimon start praising Bitcoin is the day we should start worrying...

It's absolutely OK to be looking for publicity, but he should definitely be careful in what he says. I can't find the video right now, but in that video, Jamie Dimon said that he believes SATASHI, yes he actually said SATASHI, will come back and either "increase" the Bitcoin supply or "erase" it.

¯\_(ツ)_/¯

He's very misinformed about Bitcoin and it's so laughable that he goes on T.V. talking like he has practical knowledge on the system. The smartest and the most technical people in Bitcoin couldn't sometimes agree what Bitcoin is or have the same viewpoint, but Jamie Dimon talks like he knows everything about it.

Some people just enjoy making loud statements because it gives them publicity, and some think there's no such thing as bad publicity. Also, some people are against Bitcoin because they've made their wealth in traditional markets and consider Bitcoin a threat to those markets, something unnecessary and destabilizing. I don't know what kind of person he is, but I believe it's embarrassing to be so wrong about Bitcoin when you're supposed to be good at Economics and at understanding investments. It's either his emotions or a strategic choice to capitalize on publicity that prevent him from being objective about Bitcoin.

Jamie Dimon has been talking trash about bitcoin for years now, but at the same time his bank, if I recall correctly, does offer some possibility to invest in bitcoin, I don't remember how and I don't care anyway. For me he just tries to manipulate a little the market with his declarations. Of course nobody should care about his opinions, he has nothing to share with the crypto world.

Huge banks like Chase will probably look into bitcoin ETFs more carefully and intensely now that they have been approved. Their business is to make money, and I don't think Dimon's huge ego will stop this from manifesting. Financial collosals like Blackrock and Valkyrie  installing their permanent seats on this new venture will surely make bank executives to do a second take on whether they're going to bite the crypto bullet or just keep on meddling with their traditional investment vehicles. Give it some time, and once Dimon sees that bitcoin is just not another 'snake oil' like he's thinking, he'll certainly jump aboard the bitcoin ship.

But we don't know what their real purpose is when they do those things. Rich people never want to share their wealth with others, so they will find ways to keep others away from ways to become rich like them. I mean, those who spread negative things about bitcoin don't mean they hate bitcoin and don't invest in it. Maybe they're just trying to keep people away from it so they can enjoy bitcoin for themselves. Honestly, I have a feeling that the people who talk bad about bitcoin are the ones who own it the most. So when we criticize them, it doesn't have any effect or benefit, and it's like we're falling into their trap.

As strange as it may seem, many people have the need to constantly listen and watch people like Jamie, Buffett, Mr. Mars or Gates because they admire them for some reason. I believe that many respect their opinion to the extent that they want nothing to do with Bitcoin because of their views.

Sheep always follow the leader of the flock, so let's say that one Saylor has only 3.2 million followers on shitter, and Mr. Mars even has 169 million followers. There is no doubt about whose opinion people value more.

He lied just like many people from government and in society who dislike Bitcoin, want to find any reason to say Bitcoin is a fraud, is bad and so on.

Democrats Dissent On SEC Spot Bitcoin Approval, Gensler Distances Himself From 'Terrorist-Financing' Crypto.
The original source for Commissioner Hester M. Peirce's statement
Hester Peirce used very strong words to express her opinion on this issue, role of SEC. and what they did before this approval batch includes many shame faults. I consider her letter is like a direct strong slap against Gary Gensler.

Gary Gensler spread lies again even he voted Yes.
Statement on the Approval of Spot Bitcoin Exchange-Traded Products

A person is successful in his activities and no one will dispute this. But it seems to me that all of Dimon’s recent actions are aimed at gaining popularity, fame and recognition. Although I could be wrong of course.

His comments still matters??? I thought Bitcoin community had forgotten and forgiven Jemie for his childish comments long back. I remember Jemie's comment had actually made an impact on Bitcoin price back in 2017. But after that the cryptocurrency community have realised that he doesn't matter at all.

Late him speak, let him hurl all the abuses he knows. Let him weep and do whatever he wants to do. He does not matter. Success is best enjoyed in silence.

Last I checked, he was still running a company that, on more than one occasion, has been charged with fraud and market manipulation, which makes him a colossal hypocrite.    

I think he was just jealous that he wasn't allowed to interfere in our market (until now, anyway).  There was market rigging to be done and he clearly felt left out.   

https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us
https://www.bbc.co.uk/news/business-25641476
etc

here is the way to imagine it

swap bitcoin for wheat
swap SEC for EPA
swap CEX/de-fi for local/independent farms
swap ETF for big agri
swap AP for industrial farms
swap asset for commodity

now here is the story
big agri commodity traders want to control wheat trade deals. control the price and such. so they lobby the EPA to restrict family farms from doing trade so that big-agri can have advantage. they want to unnaturalise wheat into two categories. dirty wheat and clean monsanto wheat

they send inspectors out to advertise people should clean their wheat and offer services. but then once clean they then claim the family farms are using wheat tainted with plague or not registering their wheat seed with monsanto as legitimate so sue the family farms. the EPA also come along and require family farms to meet higher standards of processing wheat than big agri. because big agri can self regulate

industrial farms wants the commodity wheat exposure for trading but doesnt want the local independent farms wheat as they sees it as dirty unregistered stuff

wheat is not fraud. it suppose to be natural and un-patent-able... but in big agri eyes they see it as plague wheat or monsanto wheat. both of which they dont want independent farms trading without their permission and higher standards and inspections


make sense?
the game is not new

Why are you so upset about someone who never understood Bitcoin? Similar statements for Bitcoin, he made have been made before and that is precisely why Bitcoin remains strong. The idea of decentralization is a concern for someone holding the top position in a centralized infrastructure. As a community, we have encountered objections from people similar to him before. It's important not to dwell on these criticisms, as we know that Bitcoin will continue to grow and will one day become a legal tender worldwide. There's no need to complain to or engage with individuals who doubt Bitcoin's potential. I feel you would agree with my highlighted statement.

I think that it is ok to call out influencial people that criticized Bitcoin that it was a fraud, their stance on Bitcoin will undoubtedly influence multitude of people who follow them to think like them. So a milestone like this Bitcoin ETF that shows the SEC approval is a testament of the acceptance Bitcoin as a valued investment asset. So the likes of Jamie Dimon, who are renowned in the financial industry will understand that despite their personal negative opinions about Bitcoin that it's acceptance will keep increasing. I totally agree that we should concentrate more on our investment plans in Bitcoin, than on people that calls it a fraud.

Before now I used to read comments from people who have no knowledge about Bitcoin yet come up periodically with clueless predictions about the Bitcoin market. Jamie Dimon is an agent of FUD and anybody who believes these fake predictions will regret their actions later. It is a free world, however, where people are free to express their views about anything. So Jamie Dimon is free to say what he thinks about Bitcoin, but his views turned out to be wrong.

I am also surprised that the price has not gone high after the approval. Could it be that the series of false approvals affected the confidence of potential investors? Nevertheless, these ETF firms just started trading today, hopefully, more money will be attracted to the market. But the price has remained stable which is a pointer that the market might be heading towards less volatility.

One thing I saw is that after the ETFs were approved, many people gloated and started repeating the names of people who criticized bitcoin, calling bitcoin a scam to mock them. But does this make us better? Does it make us richer than them? And is there any guarantee that they are not secretly investing in bitcoin?

I think this will go nowhere and will not bring any benefit to our bitcoin investment. Instead, we should focus on our investments and improve our position and change our lives from our investments for the better.

That the SEC approved these spot ETFs only means they finally caved under the pressure from the likes of Black rock and Grayscale. The latter having won a court case of sorts over them and it will be unwise to think that because Gary Gensler approved those applications, it means he's now Bitcoin friendly
 
We're all aware of how much the SEC will do anything to have prolonged these ETFs but I guess the fact that many eyes are on them sort of changed the plan.

For Dimon's case, it's not news of how apathetic he is to Bitcoin and as long as people are entitled to giving their opinions, they should do it as it won't change the fact that Bitcoin is a moving train that can't be stopped and if for anything I guess that's the reason for his chronic displeasure.

Sometimes I wonder why they feel the financial institutions are less prone to money laundering or fraudulent activities and prefer to paint Bitcoin to be the bad guy. Is it that the financial institutions are more secure and have a tight security?