The words of the CEO of J. P. Morgan to knock down the Bitcoin tonight

"If our dealer was a merchant in Bitcoin, I would fire him in the place for two reasons, the first is that it's just against our laws, and the second is that it's a stupid thing, people invent a coin from the air, it will not end well, someone will kill it. Do not ask me whether to do it short, it could be $ 20,000, but it will eventually explode, it's a fraud, and to tell the truth, I'm in a market where people do not understand what's happening here, it's worse than the tulip scare. The best I've heard about Bitcoin is that it's from a mother from North Korea, Venezuela or Ecuador, or you're a drug dealer or a murderer - Bitcoin in US dollars and that's how you bypass the systems of the state. So there is a market for it, but it is very limited. "

Bitcoin, which snored in its gains, moved to a 2% drop and traded around $ 4,120. At the beginning of the month, Beetkin approached $ 5,000, but from there he began to lose altitude quickly, mainly because of a series of instructions issued by the Chinese government that also prohibit the operation of a virtual currency trading arena. 23% of the daily trading in Bitcoin is concentrated in China, so this is not a simple blow, but Damon's remarks today are a significant blow to Bitcoin, which is currently in the process of building reputation and reliability.