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Dagnum P.I. @Dagnum_PI on x 31.1K followers
Created: 2025-07-20 05:36:07 UTC
Orchestrated FUD
JPMorgan CEO Jamie Dimon publicly called Bitcoin a "fraud" worse than the 17th-century tulip bulb mania, saying it was fit only for "drug dealers and murderers" and that he'd fire any employee trading it.
Dimon's high-profile statement (at a conference) was amplified by global media. It created doubt about Bitcoin's legitimacy, triggering retail panic selling.
~$4,200 Bitcoin price before statement (Sept 12, 2017) Fell 8-10% within XX hours to as low as $XXXXX
JPMorgan later launched its own crypto products
Orchestrated FUD exploits human psychology and market dynamics to artificially suppress prices for profit. While assets often recover it can cause real harm to retail investors.
XXXXX engagements
Related Topics pi jpmorgan chase stocks financial services stocks banks bitcoin coins layer 1 coins bitcoin ecosystem coins pow