Home capitalism Bitcoin – Financial Breakthrough or 21st Century Tulip Mania?

Bitcoin – Financial Breakthrough or 21st Century Tulip Mania? [video]

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Can bitcoin be a transformational, technology-based, currency AND a bubble at the same time?

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Many people say so. For example Jamie Dimon of JP Morgan, created a bit of a stir in the market for bitcoin on Tuesday by claiming the cryptocurrency is a fraud and is a bubble that will burst.

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But, there again, the fiat money fractional reserve banking scam of which JP Morgan is a part is in itself the BIGGEST fraud in world history. So should we take notice of a bankster when he slates a rival? Is Bitcoin the biggest financial ramp since the Dutch Tulip Bubble of 1637, or is it the magic bullet we all need to break the death grip of the bankers?

Max Keiser certainly thinks Dimon and the Bitcoin-bashers are wrong. Have a look and make up your mind. It’s all very interesting, but we wouldn’t bet the farm …. 

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