Traditional bankers are getting scared. And they have good reason to be.

This comes from a guy that was partially responsible for the 2008 crash, got billions in bailouts for his broke bank, and continues to paint rosie pictures for people to invest with him in his worthless fiat and securities. He must be worried about bitcoin and crypto all the better i think. Jamie your the fraud.

because bankers considers bitcoin as a threat.

Who the hell Jamie is to decide what bitcoin is? As long as we keep supprting bitcoin, there is nothing that can kill it.
Everyone is entitled to his opinion but we should make our own decision abou our financial decision.

People are too quick to dismiss his remarks cause it goes against what we believe in but the truth is really somewhere in the middle. Bitcoin and crypto in general is in a bubble growth phase and the clearest sign of that is when people so easily dismiss remarks of a crash coming in the future.

This is the best argument that we can use against people who think that they know much better than Satoshi when it comes to Bitcoin. The idea that since some evil people are using Bitcoin then we should be limiting or banning the use of Bitcoin is one of the most foolish idea ever. It is not the fault of Bitcoin if there would be people to use for their own evil interest. Singling out Bitcoin of all the currencies used for frauds is not doing justice and is very unfair to say the least.

It is just sad that these people using those illogical arguments are actually also representing the selfish interests of their own industries (maybe they want to protect what they are representing here) that is why we have to be careful not to caught the same virus they have in their mindset.

Soon these people will realize that Bitcoin is unstoppable and is here to stay for good...they might even join the Bitcoin bandwagon silently and enjoy the profits they can get out of it.

people use bitcoin not just for buy drug or money laundering. They need a good way to send money over worldwide. Any bank can't do that. Think about send money to UK. 10$ and 3 day wait for just 200$

Bitcoin's transaction fee has become a disadvantage instead of an advantage. Before, it is one of the ways of the people to send their money without paying that much transaction fee but then transaction fees are slowly becoming higher thus some are coming back to what they used to do before. I hope that transaction fee would be lower and I know that there is an option to pay a lower transaction fee but it would take much time than paying the normal fee.

About the CEO, he does not see yet the importance of bitcoin and how it can be the future technology but maybe he is just afraid of what will happen to his business once the new technology takes over. He should just do something to innovate and not being the one who will contradict the technology because maybe later on, he will just regret it.

He understands the importance of crypto-currency. But he is not that stupid to support it. He is fully aware that Bitcoin can emerge as a competitor for the big bankers. So he is engaging in negative propaganda campaigns, in order to scare normal people away from Bitcoin. These bankers want to take your money and make the investment on your behalf (but they will chose which asset to invest).

My favourite part from the Reuters article reporting on the same thing:


Unless you're the Federal Reserve serving the banks, right Jamie?!

What a hypocritical cunt! An analogy about a pot and a kettle springs to mind.