JP Morgan Chase & Co (JPM)

[Justfactsmam]

...there is no doubt a bubble in the lesser cryptocurrencies...much like a penny stock frenzy...

But ultimately Blockchain Technology and one or two dominant Cryptocurrencies will become the standard...

IMHO...it is as transformative as the Internet was at its infancy. Look for Ethereum to be the gold standard and Bitcoin to eventually fade, since the platform is constrained.

Jamie Dimon will eventually fall from grace within 3 years. If he chooses to remain, he will be replaced.

FYI...Warren Buffett said of the Internet and internet companies...stating that they were all bogus and would all collapse...ala AMZN etc at the time...and if he he were an Business Professor he would give an exam and ask to value students to give a fair value of companies of internet companies...and if they submitted a valuation ... they would all get "F"s.

This is a man who would never invest in MSFT, AMZN, FB, NFLX, etc...this is a man who refused to understand anything other than what he knows...the Anti-visionary.

What he has done exceptionally well is "talking and front running his book" ... and miserably on many big bets went bad, hidden by other wins. He is in a very high cash position right now...and will have big opportunity loss in this run. But no one will criticise him...and he will continue to disavow crypto and likely be dead before it comes back to bite him in a big way from lost opportunity and vision.