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RE: JP Morgan CEO calls Bitcoin a fraud and why that's good for us
"Because the crypto market is eating into the profits of every financial institution and government and they are running scared." You hit the nail on the head with this statement. Big business and Big Brother is taking notice now because people are slowiy but surely catching on, and crypto is beginning to impact their bottom line and controls. The negative statements of corporate idiots are intended to frighten and dissuade citizens.
Frighten and dissuade people they will at first, but there is a grand awakening coming as more and more people become fed up with how much of a bar-less prison cell the banks are to society. There could be a few more dips in the future yet as more bankers come out and shoot arrows at crypto, but that just gives us more opportunity to buy in while it's low and reap even bigger profits when it shatters their glass ceiling.