Wall Street dinosaur wants to stop Bitcoin just as FOMO and YOLO make a comeback

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Last Updated on 8 December 2023 by CryptoTips.eu

Of course, someone had to take over Charlie Munger’s role. After the death of Bitcoin’s ultimate nemesis last week (a time that coincided with the start of a new rally of the largest digital currency), another old Wall Street acquaintance apparently feels compelled to label Bitcoin as evil.

On the internet, terms like FOMO and YOLO are back, while some smaller coins are once again making jumps of 30 to even 100 percent per day.

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Warren Buffett

Charlie Munger, the inseparable companion of Warren Buffett, another legend of the financial world, died last week. Munger, like Warren himself, was Bitcoin’s ultimate nemesis. They both labeled the largest digital currency as “rat poison” and advised their fans not to invest in it.

Jamie Dimon appears to have taken over the role. The now legendary 67-year-old CEO of American investment bank JP Morgan had to answer some questions about the Bitcoin bull run in the Washington DC Capitol this week.

Replying to a question from Senator Elizabeth Warren, also not exactly a Bitcoin fan, he said:

I’ve always been deeply opposed to crypto, bitcoin, etc. The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance.

“If I was the government, I’d close it down,” he added.

Yolo

That will probably be difficult for the American government because the youth in cities like New York, Miami and Los Angeles are apparently very enthusiastic. Words like FOMO (“fear of missing out”) and YOLO (“you only live once”) are back on social media.

Bitcoin responded to all that adoration by breaking the $44,000 barrier.

hello.artmagination.com / Depositphotos.com

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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