I've googled Jamie Dimon's statements, he says bitcoin is a fraud, he says he would fire traders that buy bitcoin, he is just frantically trying to FUD the hell out of everyone listening to the mainstream media.

I stopped listening for one second and tried to think rationally about this. Suppose I would be JPMorgan, BTC is steadily becoming a bigger threat to my business every day, market cap has been exploding and I know I can't beat that decentralized system with my obsolete services.

At the same time I'm sitting on huge piles of cash USD.

I would want a piece of the pie that is bitcoin. There are only 16.5Million BTC in play, so I'd need to pick up as much as I can. I'd have massive influence in the complete ecosystem in one blow.

What would I need the message in the mainstream media to be in order for me to get a biggest piece possible with my funds?

I think JPMorgan is buying bitcoin.

What do you think?