Dimon and JP Morgan seem to be fearful of the crypto market hence the relentless comments of doom and gloom. It is strange that this has affected the markets so severely as the whole point of crypto and the believers in it, is that we ignore what the traditional bankers are saying.
We all want an alternative to the current financial markets as this is heavily weighted in the favour of the bankers and the rich, so why are so many crypto disciples worried about his statements? Shouldn't the impact be the reverse of the adverse effects that we are seeing at the moment?
Read the article below and leave your thoughts here. Interested in everyones point of view.
http://www.cityam.com/272451/jamie-dimon-faces-market-abuse-report-after-his-comments