Jamie Dimon statements against bitcoin.
2014: It's a terrible store of value. It could be replicated over and over. They will eventually be made as a payment system to follow the same standards as the other payment systems and that will be probably be the end of them.
2015 : You're wasting your time with bitcoin. No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen. The technology will be used, and it could be used to transport currency, but it will be dollars, not bitcoins.
2016: Bitcoin the currency is going nowhere. There is nothing behind it, and if it was big the governments would stop it.
2017: Fraud, tulip mania, blow up, won't end well.
Dimon has been criticizing Bitcoin for quite some time now, did it stop Bitcoin? No. It is growing.
Parroting the unified media statement of the banks only points the finger back to themselves and uncovers how scared to death they are vis-a-vis bitcoin. Their actual goals are to make savings, present some "innovations to their investors", and to preserve the financial status quo, not to enhance it, not to repair what is wrong, no!
That's why I strongly believe in Bitcoin, there is a vision for an independent private ownership, for a free and voluntary exchange. Bitcoin may not have the budgets and the PR crew, it may have technical difficulties to overcome, but it has a clear reason for existence.
Banks and the state, both gemini have been petrifying for too long, patching the cracks by bailouts, by establishing heavier systems of control, by printing money, by growing bigger and bigger. Bitcoin is the diet for current overweight banking system. They have no chance to be as agile as new fintech startups and technically they can't stop Bitcoin. Of course they will try to discredit it and whether they succeed also depends on how much attention we give to them.
- Alena Vranova, SatoshiLabs
Just ignore the FUD.
https://cointelegraph.com/news/bitcoin-experts-jp-morgan-speech
