Recently, the CEO of JP Morgan described Bitcoin as a fraud, according to blockchain-hero.com. He said two years ago: "If you are stupid enough to buy it (bitcoin), you will pay the price one day." It has now been revealed that three commodity traders are accused of market manipulation by the US Department of Justice.
Charge gives strength to Bitcoin
For the famous American journalist Max Keister, it is clear that the bankers are criminals. " Yes. We called every dirty money handling of @jpmorgan. Jamie Dimon, the human tapeworm, earned $ 1 billion, the journalist said.
The prosecution accuses the three employees of being involved in a large-scale fraud between May 2008 and August 2016, within the precious metals division of the bank. Alongside HSBC, JP Morgen dominates the world's precious metals trade such as gold and silver. The prosecutor announced that more banks would be the subject of an investigation.
Banks lose credibility
In the past decade alone, global banks have been fined for various criminal activities. The sum of the penalties far exceeds the total market capitalization of all cryptographic assets. Recently again, banks in England have been convicted of insurance fraud with billions of dollars in penalties, according to the crypto Blockchain Hero platform.
In the end, these are cases like these that make the normal investor and the citizen of traditional banks more and more reluctant. But caution is also required in the online trading sector. Scams like Profit Revolution, Bitcoin Era or Bitcoin Profit are trying to get rid of simple traders by using treacherous methods to get their money back.
Source: Photo by Marc van der Chijs