JP Morgan: Bitcoin is “vastly inferior” to traditional, fiat currency

JP Morgan, Goldman Sachs, Bank of America owns the federal reserve which is a private owned central bank. They most likely also somehow influence the FED chairman selection. The FED sets the price of new money the interest rate. The interest rate in the banks favor is now close to zero. Low interest rate creates more new debt. Low interest rate eventually will create inflation as new money are put in the system, new money benefit those who get it first the banks and the one who are most at disadvantage is fixed income earners such as retired people.

If you want to know more about how JP Morgan and senator Aldrich who's daughter was married to a banker created the FED you can read more about it here. http://www.bigeye.com/griffin.htm

Bitcoin may be a bubble, but crypto currencies are here to stay, banks fear alternative currencies because they can no longer control the prize of new money which is the source of the banks wealth. Current banks create money out of thin air by new debt creation.

If anything Bitcoin is inferior because no one can create additional bitcoins to lend them to the banks when they get themselves in trouble.

jpmorgan has an aggressive stance against bitcoin for a while now. I wonder what is behind their continuous negative statements about bitcoin, if you don't like it just don't use it, it's not like we are pushing bitcoins down their throats or stg :)