JPMorgan Chase CEO asshurt about Bitcoin, normies in panic

Issue is money = Time + Energy

Bitcoin has time but no energy, it will EVENTUALLY fail yes, but who knows when.

He said

When the dollar went off the gold standard, it was invented out of thin air as well. The big difference is you can print unlimited dollars, you can't print unlimited bitcoins (limit is 21 million minus the ones that are lost forever)

Also, bitcoin isn't really a business like Goldman Sachs.

And to pile on: his ass got bailed out by the tax payers, so how smart would he be without his jewish political connections?

The government tied that in Venezuela, they just started buying form Columbia instead.
Do you really think anything can be banned from the internet? Call the cyber pol-leese!

good point, def need those cyberpunk parkour delivery runners willing to get paid off the grid. idk how they get the merch, don't even wanna know… also need an untraceable altcoin like monero. what's the point in going off grid/ anti-establishment if there's a public ledger?

There's nothing wrong with bitcoin, really. But the jew is right that the bubble is going to eventually pop. This is also fine. As it is now, bitcoin is 99% speculation driven, which is why as soon as the volume tips over into more sold than bought the price plummets. From this we can easily understand that bitcoin is way, way overpriced and hyped at the moment.

When the crash comes, that will be a very good thing. Then people will be more apprehensive to use it for speculation quick grift and we can perhaps start using it as a means of storage and an actual currency.

He's right btc only has value if someone is willing to buy it from you for an item or other currency, it has no intrinsic value. If you really want to reject fiat currency / and (((central banking))) slavery you should simply never buy anything with credit and save your wealth in silver and gold.

I understand a lot of you are in the group that is in or wants to believe in cryptos and I honestly understand the potential value in the tech, just remember you have never technically made a cent in profit until you have actually cashed out. It may go to a million, it may not - a safer bet is to give yourself a financial education and learn how fortunes have been made for thousands of years.

Oy vey how ah we supposta inflate tha money sapply oah chaage yah banking fees if we don't have access ta yah coyrrency? Don't yah know only we can pull money outa thin aeh and chaage yah interest fa barrowing it?

exactly, when govt cracks down you gotta move to another country - lol good luck with that. when SHTF and bitcoin becomes more useful than local fiat you better hope those delivery drivers can fight off looters and the power grid is still functional…

Aren't you worried that might never happen though? New coins are popping up daily and people keep shuffling between them in an attempt to get rich quick. Can businesses support every possible variant that comes along?

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Seems to be working for Venezeula bitcoiners even with significant social breakdown, thought the border either way to Columbia seems to be open, for now.

Bitcoin is perfect for that crossborder transaction in a currency collapse scenario.