The headlines were that Jamie Dimon thinks #bitcoin is a hyped-up fraud. What he really said was bitcoin's fixed supply is relevant to the debate & that he just doesn't know how bitcoin enforces its fixed supply. Sharing a post to help build the framework!
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Dimon is tacitly admitting that if btc did in fact have a supply cap (which it does), it would be great..Similar to Central banks affinity scamming BTC w/CBDC’s.
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Hadn’t thought about it that way. I don’t love the term but it’s BULLISH that his gripe is an easily disproven technicality.
Still I’m far from convinced he actually believes this. He’ll grasp at whatever FUD he can, and he’ll fight- hard
If it were a hyped-up fraud he and his company would be 100% behind it.





