“The head of the largest bank in the US said Thursday that bitcoin is a ‘terrible store of value,’ in part because international governments, bankers, and other officials are unsure whether they can trust the digital currency. Jamie Dimon, the CEO of JP Morgan Chase – which has $2.509 trillion in total assets – told CNBC that the cryptocurrency does not have much staying power because the hurdles it faces are insurmountable. ‘It’s a terrible store of value. It could be replicated over and over,’ he said. ‘It doesn’t have the standing of a government.’ Dimon went on to cite media coverage that reported on the use of bitcoin for nefarious purposes.”
http://rt.com/usa/chase-ceo-bitcoin-terrible-downfall-100/
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