First, he is not a government staff nor a President of any country.
Second, JP Morgan is a big commercial bank but it is not the only bank globally. It does not have super powerful power to do anything that can harm and shut down Bitcoin.

Jamie Dimon and JP Morgan have ridiculous history against Bitcoin.

JPMorgan's Dimon says bitcoin 'is a fraud'
JPMorgan to give all wealth clients access to crypto funds.

From 2017 to 2021, JP Morgan changed a lot and what changes will they do in next years?

This one is more interesting. Dimon’s many bitcoin moments of regret, in one chart.

Third, and most importantly, the government cannot shut down Bitcoin. Neither can JPMorgan. Neither can all of these extremely powerful banks all over the world. Neither can the combined powers of both the governments and the banks. Having said this, Jamie Dimon should either shut up because they're all helpless and powerless in the face of Bitcoin or hop on the bandwagon, be cool, make money, be more powerful, and be free.

well it makes so much sense that he, of all people, would hate bitcoin

bitcoin goes against what exactly a bank is of course they bankers would hate bitcoin, they are losing clients and in result they are losing profit


yes but a country’s government can ban bitcoin in their country

His stance on bitcoin was never positive. Just like Warren Buffet. I don’t think he will ever come to terms and accept it.

However besides banning businesses and customers of his bank from acquiring crypto, there isn’t more harm he can do. He doesn’t have enough influence of the SEC to get it from being approved.

Whenever he mentions something about bitcoin, just ignore it.

I don't think he is serious and have no idea on what he is about to do. I think it is just a media hullabaloo to woo in his supporters especially those who he knows have sentimental bias over the abdoption of Bitcoin over there.

The funny part of the whole news was like the negative impression the politician attached to Bitcoin that it is a safe haven for money laundering, theft and other unspeakable things he described with Bitcoin. I don't know why politicians find it very comfortable to denigrate some innovations they don't like and paint it black for the public domain.

Truth is, with or without Bitcoin his fellow politicians in leadership positions are best known for their behaviour which is corrupt practices, syphoning of funds and the misappropriation of funds meant to carry out the allocated project. Bitcoin has not been a case of syphoning funds like he said, however People can decide to store there syphoned funds in the bank or any of the crypto currency and that is solely their decision to take.

This happened after bitcoin rose and will become the currency of the future. It's simple if you look at the direction of Jamie Dimon's conversation. The government cannot possibly allow the currency to exist without regulated supervision and the government wants to control the amount of their money.

Unfortunately, not even the government can close down Bitcoin. Obviously, he does not know any better with such a simple case.

I recently found out from the graph on this thread that the Bitcoin obituaries for a person exist, specifically for this case. I thought it just exists in the general case as some of us may already hear with https://99bitcoins.com/bitcoin-obituaries/. Generally, a person deemed to have high influence always has media attention for such controversies. This case is an example, any media or influential person will likely be against the tool that empowers individuals. So I expect many such high-profile people will do the same, and the media will try to gather that attention for their own motives.

Thanks pooya87 this is good. , I am keeping this saying in my notes to be used later. I like it

You know what's funny, it is always the hypocrites and guilty parties that is always first to point accusing fingers. They have too many criminal offenses which they knowingly facilitated using the US dollars. They are quick to turn a blind eye and become deaf mute when crime is done using the dollar but will be the first to throw bitcoin under the bus.


No one can tell me otherwise. These hypocrites have a hidden agenda against bitcoin.

LOL Good luck with that Jamie!

See, this is why it's good that Bitcoin is decentralized. This is all cloud talk and he can't even put a dent in the network. In fact, if he wants to close Bitcoin down, he should start with stopping JPMorgan Chase from engaging in any crypto activity. But we all know he won't do that, because there is huge profit to be made there.

when people can be their own portfolio manager of an asset. not needing JP to take his management fee and spreads.. ofcourse he is not going to like bitcoin/crypto

people are becoming wise to the thought that they used to think but no longer needed to put money into JP and JP then gives them just 2%-7% on a market that performed a 30% swing in a year

now people are self managing assets and getting 25%+ per year average. he's mad that not as many people are buying into his service anymore

..
his game plan now is to franchise out his "chase" bank company into more countries hoping to win customers favour and have a new userbase to offer his services too.... poor guy