In the ‘not so shocking’ news of the day, governments want to regulate and control cryptocurrencies. Even Jamie Dimon, the CEO of JP Morgan Chase, is saying that very soon, governments will have complete control of all cryptocurrencies.
The cryptocurrency “won’t end well,” Dimon told an investor conference in New York last year, as Bloomberg noted, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” Dimon became the laughing stock of the crypto world when he came out raging against bitcoin and the blockchain.
According to The Free Thought Project, Dimon’s dislike of cryptocurrencies is well known, but he seems to waver a bit here and there on how much he loathes digital currency. On Tuesday, however, he seemed to have changed his mind. During an interview with Fox Business, he left viewers with an ominously cryptic message (pun intended) on how the government will control bitcoin, and said he “regretted” calling bitcoin a “fraud.”
“The blockchain is real. You can have crypto yen and dollars and stuff like that. ICO’s you have to look at individually,” Dimon said in the exclusive interview with FOX Business. However, after he somewhat apologized for slamming bitcoin, Dimon not so subtly hinted that he knows something about the government and how they can grab control of bitcoin. “The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.”
When asked what he thought about the future of bitcoin during an interview with Fortune, Dimon said, “It doesn’t matter, it’s just not gonna happen,” before claiming that the government will make it illegal and begin jailing people for it. “When the DoJ calls someone up and says that’s an illegal currency and it’s against the laws of the United States and if you do it again—we’re gonna throw you in jail.”
Dimon went on to predict that cryptocurrencies will all be government controlled and if someone uses a currency the government has banned, they will be punished.
“This is troubling. For many reasons,” says Joe Joseph of The Daily Sheeple. “But there’s one in particular that I’m keying in on. And it’s one that you may not have thought about.”
“I gotta tell you,” Joeseph continues. “Cryptocurrency scares me. Not so much the little guys, but the biggies. The Bitcoin. The Ethereum and whatnot. Because once they get too big, they become targets for the government. Not just because it undermines national currency, which thereby…by default, undermines national security, but because it is an untapped form of revenue, that I believe, the government is gonna come out and seize.”
Maybe that seems unlikely, but in the realm of government, nothing is impossible anymore and we have very few actual human rights left at this point.
The good news is that even if governments try to control one currency, others will rise in its place and as long as this widescale collaboration and coordination among blockchain users exist, decentralized money will win. The money changing bankers have had their go at the helm—and we’ve seen the massive death and destruction facilitated by it—now, it’s time for the rest of humanity to have their turn. –The Free Thought Project