JP Morgan CEO Jamie Dimon has issued new remarks about bitcoin, dismissing the digital currency's potential to survive in the long-term.
Speaking at the Fortune Global Forum, Dimon said people were wasting their time with digital currencies such as bitcoin.
He added:
"This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that's going to put up with it for long ... there will be no currency that gets around government controls."Full article:
http://www.coindesk.com/jamie-dimon-bitcoin-will-not-survive/Well.. my humble opinion is that in a way the man is right. Governments won't put up with it for much long... either digital currencies fall into government control like traditional currency or it will be criminalized.
Since so many years nothing happened and hence I don't think anything would happen in the next 5-10 years as well. In my country, RBI is monitoring the use of bitcoins and they haven't yet termed it as illegal but if at any point they make a decision, it will not mean that bitcoins will be dead. There would be other ways for bitcoiners.