JP Morgan says Bitcoin has staying power

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#PoweredByMonolith

In an incredible turn of events and possibly karma biting JP Morgan back, they had recently issued a statement saying that Bitcoin surviving the crash has shown that it has staying power.

https://www.bloomberg.com/news/articles/2020-06-12/jpmorgan-says-bitcoin-crash-survival-shows-it-has-staying-power

They do continue to believe (and I should say fairly) that Bitcoin is mostly a speculative asset because that is completely right. Bitcoin in this day and age is far from being the electronic peer to peer cash that Bitcoin Cash is.

The karma part comes in when Jamie Dimon, the CEO of JP Morgan Chase had said that Bitcoin is a fraud and is only being used by fraudsters to do illegal activities.

This is the power of belief and because the crypto users have stuck to their belief, we have collectively achieved this.

Onwards and upwards from here!

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Comments

Banks of course weren't thrilled about decentralized assets. But the time has shown cryptocurrencies are the future.

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4 years ago

Did you stop giving out the rewards for using the #PoweredByMonolith tag? I haven't received any for the last 3-4 posts.

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4 years ago

No, we won't stop. Apparently, you forgot to comment your address. We keep a register of user addresses in our Telegram room @LithToken so they won't have to be saying again and again which address they own. Anyway we go back through our payment log and found yours. We were a little delayed expecting for the changes been made to this platform to settle. Otherwise we might say "blue" and the next day would be "yellow" and that's just not good for reputation. Please also don't forget to submit your posts to https://read.cash/c/crypto-legends-70bc Thanks

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4 years ago

@Monolith here is my SLP address. Actually you should have it in your Telegram as per our last conversation?

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4 years ago