There are a ton of leading voices in fiat actively trying to undermine the importance and effectiveness of Bitcoin, with one of those being JP Morgan’s Jamie Dimon. In this video, I go over Dimon’s latest attempt at FUD, his flip-flopping and hypocritical takes, and just how far these sentiments spread.
0:00 Intro
0:34 Jamie’s Latest FUD
3:43 Jamie’s Bitcoin Takes Through the Years
4:28 JP Morgan in Crypto
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#bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation #cardano #cryptocurrency
We pretty much always have some crypto Conversation with you I'm just curious Because I don't think we've talked to You since I think all that's been a Waste of time and why you guys waste any Breath on it's totally Beyond me because You just think the whole thing just is Is going to zero going to zero and it's Fake Bitcoin itself is a is a hyped up Fraud Pet rock back to that really of course Yeah What can people here Joe my name is Ben Today we're going to be taking a look at Jamie dimon the head of JP Morgan Calling Bitcoin trash and spreading fun And nonsense which he's been known to do So uh first and foremost he is in Davos Right now for the world economic Forum Uh you guys can see that uh here we've Got uh some of the common uh CNBC folks Including the scammer Andrew Ross Orkin Here Um but let's take a look at uh what Jamie Diamond had to say about Bitcoin He mentioned Bitcoin you said you didn't Know what we're talking about we we Pretty much always have some crypto Conversation with you I'm just curious Because I don't think we've talked to You since I think all that's been a Waste of time and why you guys waste any Breath on it's totally Beyond me because You just think the whole thing just is
Is going to zero going to zero and it's Fake Bitcoin itself is a is a hyped up Fraud To pet rock back to that really of Course yeah So what do you make then of BlackRock And other firms that are investing in Infrastructure that's different Blockchain is a is a technology Ledger System right that we use to move Information we've used it to do Overnight intraday repo we've used it to We're going to use it we've used it to Move money right so that is a ledger That's a technology Ledger type of thing That we think will be Deployable Remember we've been talking about that For 12 years too and very little has Been done so interesting uh we have here We have Jamie dimon talking about Bitcoin uh is not really where it's at He's saying it could go to zero but Blockchain The Ledger on bitcoin the Bitcoin is built on that's where the Real technology is but if you actually Listen to the question the other about Blackrock's investment in Bitcoin and Then he misdirects and acts like it's All in blockchain it's not they have a Bitcoin investment fund but Bitcoin is Based on a distributed It has all the characteristics of of a Store of value it's immutable it scarce It totally untrue it's 21 million well
Yeah really how do you know it's going To stop at 21 million because I've Mentioned this to people everyone says That well maybe it's going to get to 21 Million then satoshi's picture is going To come up and laugh at you all this is The stupidest most asinine statement I've ever heard anybody make about Bitcoin like the idea that all of a Sudden Bitcoin is just gonna start Printing more and minting more Bitcoin At the end because a picture of Satoshi Nakamoto comes up and laughs at people That makes zero sense and it shows the Willingness of Jamie Diamond to fund Bitcoin why well we're gonna look at a Lot of reasons why here in just a minute But Bitcoin cannot create more than 21 Million Bitcoin but no Jamie the supply Cannot go over 21 million unless A consensus of minors over 50 percent of The network 51 or more agree to create More Bitcoin at the end which by the way Won't be till 2140 so we'll all be dead So what is this guy even talking about He's just talking nonsense and dribble He's acting like The blockchain Ledger Technology is so great but then on the Other hand he's saying well even though It's immutable and it's transparent and And everything about it is good Blockchain Bitcoin is not but yet it's The power of The Ledger that locks Bitcoin into the 21 million so it makes
Absolutely no sense but we know he's got Quite the history of uh doing this Before here is a diamond's Mini Takes on Bitcoin back in 2014. Bitcoin is a Terrible store of value November 5th 2015. Bitcoin will not survive Bitcoin Is going nowhere Bitcoin is a fraud I'm Not going to talk about Bitcoin anymore I regret making that comment look at This as it's starting on its way down From the 2017 bull market that's when he Says oh man I regret making that comment I guess it's good now Boop uh and then Here it says I don't really give uh you Know a hoot about Bitcoin that would Have been uh 2019. so he's got a history Of saying a lot of stuff and he just Looks stupid but the question is is he Doing this for a reason is he trying to Fight Bitcoin for a reason of course we Have this JP Morgan spin-off kadena hits All-time high uh after uh Rising 210 a Week that is back on November 7 2021 Kadina project we've talked about a lot Of times on the channel this is a Spin-off from JP Morgan we also know JB Morgan uses Quorum which is the private Enterprise blockchain of ethereum as Well so check this out here we have Onyx By JP Morgan transforming the future of Banking Onyx by JP Morgan is at the Forefront of a major shift in the Financial services industry now the Technology industry the financial
Services industry we are the first Global bank to offer a blockchain based Platform for wholesale payment Transactions here we go Jamie Diamond Again his name is crypto calls Blockchain real this is back from October 13th head of the largest U.S Bank my asset spoke during an iif event Thursday in Washington D.C you can see It says JB Murray CEO Jamie Diamond Surprised no one has he held the stage At The Institute for international Finance again calling crypto tokens Decentralized ponzis even as the praise Aspects of blockchain Technology now why Are they doing this what what is the Goal what's the end goal here for Jamie Dimon cbdc's that's the goal here what They want to do is they want to portray Blockchain as being great for payments But Bitcoin and other crypto coins not Good they're decentralized ponzis yet Them in the US government are involved With wearing the biggest Ponzi in the History of the world which is called Fiat currency all this is taking place Of course in uh Davos where they're Having the world economic Forum now Remember Jamie dimon he only speaks to People that are the mainstream media he Goes on CNBC and he makes these comments Because you know what they tried to Orange film but at the same time they're Just patting them on the butt saying
Things were coming on the show Jamie I'm Going to leave you guys with this here's Class Schwab who's in charge of the World economic forum Showing you only media that fits their Narrative is who they'll talk to me I'm from Japan I'm from Japan yeah and may I ask you For a comment no we're on our way we're On our way to the next thing we're a bit Late but thank you I think we're gonna we're gonna Rush Actually but thank you thanks very much Which media iOS I am an independent Journalist from yeah Thank you thank you do you know the Voice that uh worry about Herbalism thank you thank you nice Evening thank you thank you [Music]
