JP Morgan CEO Calls Bitcoin A Fraud

JP Morgan CEO Calls Bitcoin A Fraud ...the more reason why you should own it...! Today, the Chief Executive of JP Morgan, Jamie Dimon, called Bitcoin “a fraud” and “worse than tulip bulbs.” However, as TechCrunch reports , the criticism is ironic considering the fraudulent and immoral actions of JP Morgan and other financial institutions which lead to the 2008 financial crisis. At its core, Bitcoin eliminates the middleman, the bank, by providing a means to safely transfer money directly from one individual to another. So it's in the bank's best interest to refute technology they can't profit from. The Blockchain ledger ensures that Bitcoin will always be a currency free from Wall Street corruption that brought about events like the subprime mortgage housing bubble. JP Morgan received a $13 Billion government bailout , which Bitcoin will never need. To the Bitcoin community, Dimon’s criticism simply falls flat...