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![Dagnum_PI Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::913374738071932933.png) Dagnum P.I. [@Dagnum_PI](/creator/twitter/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.

![](https://pbs.twimg.com/media/GwRwjGYWwAAYLzw.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946806305441878232/c:line.svg)

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[bitcoin](/topic/bitcoin)
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[Post Link](https://x.com/Dagnum_PI/status/1946806305441878232)