Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon

Jamie Demon and the Club are buying up massive amounts of bitcoin every time he opens his mouth. Hell, he probably will end up making JP Morgue investors a few billion from simply spouting off a few well timed lies.

Pretty good business model if you ask me.

JP Morgan just bought a ton of BTC.....yeab

Ban? how?

mine is untraceable .... lol

I think JP Morgan is too big too. Please Government, close down JP Morgan.

Im guessing killing Bitcoin would be as easy as cracking open a can of pop for a country like America,,they can target the exchange houses and put pressure on any government that host exchange houses that do business with the US..if all else fails hit it with a military grade cyber attack..

If they really wanted to kill Bitcoin it would be a walk in the park,the fact that they barely even talk about it is suspicious to me,,you dont create an alternative to the US dollar and walk away unscathed we go to war with countries that tinker with the almighty dollar..

Jamie Dimon is a fucking idiot and huckster! The only way to stop cryptos is to shut down all computer in the world.

you dont hold btc in exchanges, nobody does, that would be stoopid

They don't make as much off it as you'd think. Probably 95% of the sells that occurred after his statement were made by them. They only fool a small percentage, and their influence is progressively waning... They understand this, it's why you see such desperately pathetic comments by supposed respected members of high society against it now almost daily. I tell you what... If we were ever able to unite secretively against them... Putting ourselves early into the rise of something unexpected... Beautiful things could happen... Me? I do and always will prefer the most anonymous and untraceable of transactions... More godlike if you ask me. It is y I halve Cho zen zec.

Isn't the whole point of these things to keep governments out of the mix?

Dimon called cryptocurrencies a "novelty" and said they are "worth nothing."
A company called Blockswater has filed a market abuse complaint in Sweden against Dimon, claiming he deliberately spread false and misleading information about bitcoin.

Eventually governments will close down cryptocurrencies: JPMorgan CEO
14 Hours Ago | 02:51

JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large.

"Right now these crypto things are kind of a novelty. People think they're kind of neat. But the bigger they get, the more governments are going to close them down," Dimon said during an interview with CNBC-TV18 in New Delhi on Friday.

Dimon was concerned that with bitcoin, ethereum and various initial coin offerings (ICOs), there are now cryptocurrencies everywhere.

"It's creating something out of nothing that to me is worth nothing," he said. "It will end badly."

Dimon warned that governments will eventually crack down on cryptocurrencies and will attempt to control it by threatening anyone who buys or sells bitcoin with imprisonment, which would force digital currencies into becoming a black market.

These are the latest comments from Dimon attacking bitcoin. Earlier this month he called the cryptocurrency a "fraud.". His comments, along with several prominent hedge fund investors, came before a sharp sell-off in bitcoin. The price for one bitcoin fell from around $4,340 to as low as $2,981.05 in the days after his comments.

During the interview on Friday, Dimon also criticized bitcoin for not being a fiat currency formed by a government and backed by a central bank.

"With central banks, (the money) says legal tender: you have to take this as payment. It's very cheap to do, it's very easy to move back and forth. JPMorgan moves $6 trillion around the world every day very efficiently, very quietly, very effectively and very cost efficient," he said.

"Creating money out of thin air without government backing is very different from money with government backing."

less then 50% fair use act.....
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What the f*** don't you understand?

Let me give you a simple example cuz you clearly are dumb.

Sex trafficking for instance still exists and has a market even though it is illegal but it's not mainstream and offenders suffer major consequences.

Can you connect the dots ? Or do you crypto tards just keep saying corny stuff cuz you have money invested ?

Ban? how?

mine is untraceable .... lol

Unfortunately Jamie Dimond is RIGHT!!

If a country OUTLAWS the use of Crypto Currencies ... AND ... makes you a criminal for using them ... HOW are you going to use those Crypto Currencies to buy REAL TANGIBLE GOODS, Services, and Real Estate?

The point of ANY currency is to be a medium of exchange ... and if a type of currency is made illegal to be a medium of exchange in some or ALL major countries that dynamic harms it's usefulness to be used for that purpose.

Does anyone seriously think that Governments worldwide will UNIVERSALLY give up their racket of being the only entity LEGALLY allowed to issue a piece of paper, or in the case of Crypto Currencies a set of digital electrons, that can LEGALLY be converted to REAL STUFF? Governments worldwide have ordered people KILLED for less transgressions upon their rackets.

Criticizing Jamie Diamond on this issue is merely shooting the canary in the coal mine for indicating that there is bad air in the mine.

Shooting the messenger is NOT going change government reactions to Crypto Currencies once they look like they are taking "market share" from those government's racket.

(now if the Crypto Currencies were actually backed 100% by REAL value items, such as gold of silver, with free conversion to those hard assets in some location ... then they might keep some competition going even if governments outlawed them)

So if its stolen who do you go to about it?

The only way one owns a bitcoin is if one possesses the private key containing it. In other words, unless someone hacks your brain (just make it a strong password for God's sake), no one can steal any bitcoin. Or when/if quantum computers ever come about.

The only way one owns a bitcoin is if one possesses the private key containing it. In other words, unless someone hacks your brain (just make it a strong password for God's sake), no one can steal any bitcoin. Or when/if quantum computers ever come about.

Dimon is just trolling the crypto market so he can buy it up on the massive dips.

First time he pulled this, there was a big dip, so now he is trying again...spout some scary crap, watch it dive, then buy it up and wait a few weeks for it to blow over

Dont be a mark