So what do you do when a CEO of a 300 Billion dollar banking institution comes out and slams #Bitcoin?
You buy more!
JP Morgan is slamming #Bitcoin to cause panic selling so they can accumulate more for themselves. Giving out misinformation to accumulate is the oldest trick on Wall Street.
Also, it can't be a bubble when it has a 1 percent adoption. Who is going to rely on Dimon who headed one of the largest participants in the subprime mortgage fraud that packaged mortgages it knew had not been underwritten.
Lets look at reality, his daughter could have bought JP stock, but chose Bitcoin.
His own daughter has more faith in Bitcoin than her father's company is what I'm seeing.
Or she is his proxy in Bitcoin so he doesn't run afoul of corporate compliance?