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Bitcoin and virtually all of the cryptocurrencies have had a very sizeable, and much needed and expected pullback this week.
There have been two main focal points for the pullback.
Rumors and speculation of a Chinese government attack against the free market have caused most of the consternation.
But, secondly, and most laughably, were comments from Jamie Demon (they spell it Dimon so as to not be too obvious about his backing), the lead fraudster of the virulently fraudulent company, JP Morgan, who said that bitcoin is a “fraud!”
This, coming from a man whose entire industry, of banking, is based on the fraud of fractional reserve banking which is only made “legal” by the fraud of government which is based solely on extortion, which they call taxation.
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