Financial broadcaster Max Keiser has responded to JP Morgan CEO Jamie Dimon's recent criticism of bitcoin by saying that the real financial bubble is in traditional banking. Keiser told Russia Today that the US dollar, bond and property markets are in bubbles, and that bitcoin and gold are the only assets that are not. Bitcoin's price surged above $11,000 at one point last week, but then fell back below $11,000. He added that bankers dislike cryptocurrencies because they make banks obsolete, endangering their jobs.
Financial broadcaster Max Keiser has responded to JP Morgan CEO Jamie Dimon's recent criticism of bitcoin by saying that the real financial bubble is in traditional banking. Keiser told Russia Today that the US dollar, bond and property markets are in bubbles, and that bitcoin and gold are the only assets that are not. He also criticised JP Morgan for its involvement in what he called the corrupt practice of financial repression by the US Federal Reserve. He added that bankers dislike cryptocurrencies because they make banks obsolete, endangering their jobs.