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The U.S. stock market next door is surging like crazy, and a lot of people are already mocking crypto as having no chance—a sunset industry, full of scammers.
It’s fine. Back then, they were cursing even more viciously, and the people doing the cursing were even more badass—like Jamie Dimon (CEO of JPMorgan Chase). This guy has been talking down on Bitcoin and crypto ever since I got into the circle.
In 2015, Dimon said Bitcoin’s market value was only $2–3 billion: “JPMorgan Chase moves around $6 trillion every day—Bitcoin has no future at all.”
In 2017, at the Delivering Alpha investor conference in New York, Dimon officially labeled Bitcoin as “fraud,” saying, “It’s even worse than the Tulip bubble—the ending won’t be good.” He also said: any JPMorgan employees who use bank funds to trade crypto will be fired—no exceptions.
After that, everywhere he went, he kept Diss-ing Bitcoin and crypto.
Until May 2025, when he announced, “We’re going to allow customers to buy Bitcoin”—and boy, was his face getting slapped again and again 🤣🤣🤣
For people in the crypto world, the U.S. stock market is also a “new thing.” Where the water is deep, you go fish—that saying is right. But there’s no need to recklessly mock the crypto market that’s in a temporary slump, right? Thirty years east of the river, thirty years west of the river—yeah?
I trade U.S. stocks too, but I won’t leave Crypto. I believe this industry has its own native error-correction ability and a wild, brutal life force. This place is still more suitable for grassroots to pull off a comeback—what it needs right now is just time and patience.