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  • “I don’t really give a sh*t, that’s the point”¦ bitcoin is not the same as a fiat currency.”
  • Bitcoin is leading the market in another round of consolidation.

The chief executive office of one of the leading investment banks in the world JP Morgan has for the most part of 2018 come out and an antagonist of Bitcoin. In fact, CCN, a cryptocurrency news website refers to him as a character that is haunted by Bitcoin and is spooked whenever someone mentions the world “Bitcoin” and “Cryptocurrency.” However, all is not lost for this man because he is also a protagonist of the blockchain technology.

In several occasions over the course of this year, Dimon has expressed his undoubtedly hate for Bitcoin. He even refuses to discuss the any subject in relation to the world’s largest crypto by market capitalization.

While speaking at an Axious conference in Los Angeles, the CEO reaffirmed that his mind has not change when it comes to Bitcoin. He went ahead to say that he does not “give a sh*t” about the digital assets. Dimon reckoned:

“I never changed what I said, I just regret having said it. I didn’t want to be the spokesman against bitcoin. I don’t really give a sh*t, that’s the point, okay? Blockchain is real, it’s technology, but bitcoin is not the same as a fiat currency.”

In the past Jamie has referred to the subject of Bitcoin as a “waste of time” while calling Bitcoin a “fraud” that is “worth nothing and “stupid”. Although his statements are very aggressive, Dimon is one of the card-carrying members of “blockchain not Bitcoin.”

Bitcoin price technical picture

Bitcoin is leading the market in another round of consolidation after the drop on Monday this week. BTC/USD is trading at $6,247 while stuck in a range spanning roughly $54. A strong support exists at $6,200 while on the upside is constricted at $6,300. The signals from the technical indicators are currently negative, with the MACD retracting from further from the mean level. The RSI has also been reject from the 50 percent mark. A catalyst is the only way the bulls can escape this range for the price to progress towards $6,400.

BTC/USD hourly chart