Bitcoin Rises Yet Again

Omar Faridi
Apr 14, 2018 · 2 min read

Bitcoin has been reported to be dead several times in the past, but on the contrary, it is rising back stronger and growing bigger than ever to become the “World Reserve Currency”. At the time of writing, it has been reported dead 278 times. Let’s look at some of the famous quotes and statements by some prominent people and how they made a wrong judgment in predicting that Bitcoin will be dead forever awaiting the bubble to get burst.

Jamie Dimon calling Bitcoin a Fraud

Jamie Dimon calling “Bitcoin a Fraud” was one of the most famous Bitcoin obituary stories because he is the Chairman and CEO of JPMorgan — One of the four biggest banks in America and well-respected and highly followed personality in Wall Street. The moment he called Bitcoin a fraud and predicted the bubble to burst, the price dropped considerably in September 2017.

He also went one step ahead in warning his employees that they will face severe consequences if they were found trading Bitcoin. But he admitted the fact that his daughter has invested in the currency against his wishes. Many people panic sold their Bitcoins and the price fell considerably. In Cryptocurrency space, this act of selling at the bottom price is termed as (Read More) …

Omar Faridi

Written by

Lead Editor & Executive @ Crypto Core Media at CCMedia

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