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RE: Bitcoin Tumbles Below $4000 - Down 21% From Record High

in #bitcoin7 years ago

Great article. Dimon is simply protecting his own. He knows block chain and crypto are the biggest threats the banking industry and financial sector has ever faced and will do all in his power to derail it. The FUD narrative will continue to be played to reign in BTC and the crypto market as much as possible. It's only a matter of time before lending will make it's way into the crypto hemisphere and when it does, all hell will break loose with the banking sector. Cutting into their ability to extract fees for being a financial medium of exchange is one thing, but cutting into their fractional reserve banking money machine is quite another thing.