Max Keiser of RT’s Keiser Report has explained why the real bubble may be in banking, and not in the cryptocurrency.
Mr McAfee to JPMorgan CEO Dimon: it costs $1000 to mine 1 bitcoin. What does it cost to print US dollar? which one is the fraud?#bitcoin
Bitcoin makes banks, essentially price gouging intermediaries and socially unacceptable leeches, obsolete. Bankers rightfully fear for their jobs as bitcoin replaces them,”
JPMorgan Chase has a long history of paying high fines for violations of banking regulations. Since 2010, the bank has paid $28.7 billion for financial misconduct.
The list includes $13 billion paid for toxic securities abuses in 2013, as the bank overstated the quality of mortgages it was selling to investors in the run-up to the financial crisis.
Its ultimate signal that Bitcoin going to be doubled in few months. Get ready and start buy more bitcoins if possible guys, Good Luck