JP Morgan CEO Admits He Was Wrong About Bitcoin

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Did you hear about the bankster who said cryptocurrency was a waste of time? His "Bitcoin alternative" patent was rejected 175 times! Full story:

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40 thoughts on “JP Morgan CEO Admits He Was Wrong About Bitcoin

    1. Its not money… it is just numbers that represent a transfer of wealth. Its value comes from its scarcity and difficulty to attain. It is a safe haven due to its limited amount. . When you give 10 gold coins for a bitcoin and send it to me across the world… I can take it and buy my own 10 gold coins locally. don’t even get me started about dollars.

  1. Bitcoin is frivolous activity yielding nothing of value , other than allowing presence of online gambling. Totally worthless in terms of true value.
    It’s current monetary value is driven from participants perception of value.

    1. “Totally worthless in terms of true value.” That can be said of every asset on the planet! People pay millions of dollars for a famous old painting that I wouldn’t give a plugged nickel for! Ignorance abounds in our age !!!

    1. lol this wasnt an admittance, this was him saving face because his people started “side eyeing” him. mmhmm and he was caught with his and in the cookie jar. its all a shady mess. but love this video

    1. alpha7B5 yes, it is. We never know what is on their vile minds until we are fucked up again. if you can’t prevent something get control of it. They do have means to pump up the price of Bitcoin to the stratosphere and then drop it all the way down to earth in no time. They can create an alternative like Ripple or something and pump its price to the stratosphere again to beat the price of Bitcoin and make people flee Bitcoin. After all, they can stop the evolution of Bitcoin by preventing upgrades and making it look less an less attractive as a means of exchange. Time will tell which way they will choose but make no mistake – they must have a plan

  2. To be fair he said he regretted his comments but then went onto say that he’s interested in the blockchain aspect which is what they all say. Andreas Antonopoulos said this is like all the coach and horse owners saying “I’m not interested in the automobile, but I am interested in the pneumatic tyre…”

  3. In case you have not heard the good news :
    I’m pleased to be able to share @MoneyGram has partnered with @Ripple to use $XRP in their payment flows.
    Go Ripple ! What’s In Your Wallet ?

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