Yesterday during JPMorgan's earnings call, CEO Jamie Dimon relayed the following…
"I wouldn’t put this high in the category of important things in the world, but I’m not going to talk about bitcoin anymore."
It seems 'anymore' to Dimon means 'less than 24 hours' as during a panel at an IIF event today, the outspoken bank boss – apparently still feeling threatened by the disruptive technology – lashed out again at the cryptocurrency…
- *DIMON: PEOPLE WHO PURCHASE BITCOIN ARE STUPID
- *DIMON: "WHO CARES ABOUT BITCOIN?"
- *DIMON: I DON'T UNDERSTAND THE VALUE OF SOMETHING WITHOUT VALUE
- *DIMON: I COULD CARE LESS ABOUT BITCOIN
- *DIMON: BITCOIN IS `A GREAT PRODUCT' IF YOU ARE A CRIMINAL'
And then he ended with another promise…
-
*DIMON: THIS IS THE LAST TIME I TALK ABOUT BITCOIN
We wonder how long that will last.
Image courtesy of CoinTelegraph
And then Larry Fink piped in…
*FINK: BITCOIN IS AN INDEX TO MONEY LAUNDERING
We have to say for 'something' that is not worth talking about and he "couldn't care less about," the big status-quo-sustaining banking elite sure do talk about Bitcoin a lot!!
Perhaps this is why…
And even more upsetting for the 'master of the universe' is that his words had zero effect as Bitcoin is now immune to bankers' bleating…
via http://ift.tt/2wT5UZ1 Tyler Durden