Bitcoin Is Worthless, Says Dimon

So says Jamie Dimon, the head of JPMorgan Chase, only eight years after I have done the same.

Cryptocurrenies are valuations where the intrinsic value and trust are zero. They are like modern-day religions, not becoming more true because you can find more believers.

Should I warn you the SEC is not too fond of them either, and explain is it a threat to national security, as I expressed the threat to sovereignty eight years ago. Should I whisper I told you so?

Go ahead, keep ignoring me, if you want to keep the circus of humanity’s greater-foolery going.

The sign of an intelligent nation is its willingness and ability to reinvent itself, upstream. Let’s inspire the world with new rigors of excellence we first and successfully apply to ourselves.

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