Jamie Dimon of Morgan Stanley says there's no reason why crypto-currenices should not have a minus value - "Remember there's nothing to back them up except human hubris" he was quoted yesterday. "But we'll be happy to bail out desperate investors with a reasonable loan scheme at a low interest rate of 24%."
Asked if a rate of 24% per annum wasn't rather high under the circumstances, he almost lost his calm and broke off the interview, murmuring about 'ungrateful goyim' and 'bankers all being underappreciated philanthropists anyway.'
It later transpired that he had been talking about weekly interest rates.
Meanwhile Haejin Lee, Steemit.com's massive TA prophet, acknowledged that "going through vigorous retracements, it's entirely possible that cryptos may lose 130% and more of their value - but that's no reason to be worried, just hodle on through as the overall outlook hasn't changed at all - we'll see 900% gains these next weeks, and what's 130% loss compared to that ? Only a healthy correction."
In this light, suicide rates world-wide literally dropped, and a new cycle in crypto growth may or may not begin while we hurry up and wait !
I always listen when Jamie Dimon speaks, it is not how correct or how wise he is that matters, but rather how far off from the mark his words are that give the most valuable information. His opinion will always be worth the time to pay close attention in case you are misled in your own sphere of disillusionment.
Well... Even the future coins bt2 in bitfinex didnt get to zero when the fork failed... Really unlikely event. And Jamie Dimon is just a media puppet.