Dimon also says it can go to $100K. Now I understand why they say stupid people are happier.
"I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you're stupid enough to buy it, you'll pay the price for it one day. I've also told people that it can trade at $100,000 before it trades to zero. Tulip bulbs traded for $75,000 or something like that."
I buy bitcoin and yes, I "pay the (going) price for it" ... everytime I buy it no less! Imagine that!
Been doing it every week for past 3 years actually not just "one day"
Yeah...Dimon.....
I have an impressive btc hoard that I've kept at a stable number since 2015. So his advice in 2013 at $150 usd would be sell,
2014 at say $250 sell, 2015 at say $450 sell, 2016 say at $850 sell and now 2016 at current $5,575 per btc ..you guessed it ...he says sell. (sheesh)
Oh, and this hoard in question is all profit. Mined and paid off equip to ROI. This is the cream off the top!
So, yeah, say it all goes tulips as he says, I'm out nothing, money into crypto wise anyway, and man'd up and took a chance on the closest thing to a Venture Capitalist,
Black Swan event (maybe) that will ever come in my everyman boring direction....
So wtf, let it ride...the view of only lose what you can afford applies here in my case, and hodl has been good to me so far, (knock, wood)
I suspect, if he had my number of bitcoins (chump change for him), he'd be singing a different ton. People asr usually only this angry, when they fear something,
and in his job and with his bank role, the stress it seems is making him crack....