Hence, recently, something like that happened with Bitcoin.
For years it has become very critical for the regulation that was adopted after the crisis.
We have to rebalance it, insists the president of JPMorgan Chase.
But neither is it for those who rejoice when others have problems.
Mistakes are a way of learning, he says about the ghost bill scandal at Wells Fargo.
And then there is the phenomenon of virtual currencies.
Its pure speculation, he says.
The explanation is very simple: currencies have a legal basis for the governments that create them.
China, he said, is closing the exchange platforms.
My daughter bought Bitcoin, went up and now thinks shes a genius, he quipped.
The virtual currency appreciated 335% this year.
This Tuesday it was changed to almost $4,200 before Dimon made the comment.
Then it lost 2.5%.
Bitcoin was created to circumscribe the control of the governments on their currencies and precisely its power.
So, what do you think about Bitcoin?
Simply share your views and thoughts in the comment section below.
