JPMorgan CEO Jamie Dimon’s recent attack on the Bitcoin ecosystem made Redditors believe that it may be a “calculated” move to drive the price down to accumulate more BTC for himself.
Crypto community members dismissed JPMorgan CEO Jamie Dimon’s ramblings on media outlet CNBC and speculated on the motivations behind the executive’s constant flurry of negative statements toward Bitcoin (BTC).
On Jan. 17, Dimon went on CNBC and repeated many widely debunked criticisms of Bitcoin, including the possibility of its creator, Satoshi Nakamoto, returning to the community to “erase” BTC from existence. The executive also argued that Bitcoin “does nothing” while laying out criminal use cases for the asset.
With Dimon constantly flinging dirt toward crypto, community members think this might be an attempt to drive down the price. On Reddit, a user speculated that this may be a “calculated” move. The Redditor said that many old investors listen to Dimon. The community member believes that the negativity directed toward BTC might be an attempt to lower the price as he buys some afterward.
