It seems that his staff feel ambivalent about his comments:<p>JPM Blockchain Lead: "¯\_(ツ)_/¯"<p><a href="https://twitter.com/AmberBaldet/status/907675559492288512" rel="nofollow">https://twitter.com/AmberBaldet/status/907675559492288512</a><p>Former JPM Director of Global Macro: "Jamie, you're a great boss and the GOAT bank CEO. You're not a trader or tech entrepreneur. Please, STFU about trading $BTC."<p><a href="https://twitter.com/agurevich23/status/907692985424371712" rel="nofollow">https://twitter.com/agurevich23/status/907692985424371712</a><p>Got these sources from Fortune's Term Sheet:<p><a href="http://fortune.com/tag/term-sheet/" rel="nofollow">http://fortune.com/tag/term-sheet/</a>
<p><pre><code> In bitcoin’s case, Dimon said he’s skeptical authorities will
allow a currency to exist without state oversight, especially
if something goes wrong.
</code></pre>
Mah dude, if "state oversight" always worked when "something goes wrong" you'd have been making this statement from your cell...
Let's not forget their $12bn bailout[1] (closer to $14bn in today's dollars), and also the long string of controversies[2].<p>Jamie Dimon doesn't have much credibility. JPMorgan hasn't exactly been altruistic under his rein.<p>[1]: <a href="https://dealbook.nytimes.com/2008/03/18/jpmorgans-12-billion-bailout/" rel="nofollow">https://dealbook.nytimes.com/2008/03/18/jpmorgans-12-billion...</a><p>[2]: <a href="https://en.wikipedia.org/wiki/JPMorgan_Chase#Controversies" rel="nofollow">https://en.wikipedia.org/wiki/JPMorgan_Chase#Controversies</a>
at this point i agree its similar to tulip mania and its going to collapse there is no "ifs" just when it will happen.<p>that said there is utility in bitcoin mechanism. the value of the mechanism is the questionable part.