In reference to what Jamie Dimon (JP Margan CEO) says, calling bitcoin as a fraud.
https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoinWe know for sure these days will come when banks and bankers will start the war with bitcoin.
So why these banksters started their war this time while bitcoin is recovering from the Chinese nightmare?
Bankers want to kill bitcoin for what reason? Perhaps, they see bitcoin provides more promising future compare to their nasty banking system.
Share your thoughts on this matter, please? thanks.
Apparently some banks see Bitcoin as a threat to their business. I'm sure part of this is because of some of the features of Bitcoin as follows:
1) Bitcoin can be used to store money without using a bank.
2) Bitcoin allows you to send money anywhere in the world without using a bank
3) There is potential for Bitcoin to be used as a method of payment so you wouldn't need bank checks or bank credit cards.
I think this third point may be the most damaging to banks because most people in my country use credit cards issued by big banks to make purchases and the banks get a percentage of the purchase price in a fee and collect interest from the card holder. This part of their business could be threatened by Bitcoin.