And I'm sure he's severed all his ties to the payment space, right? No more friends or stocks at Simple? No future ventures planned?
If not, he's got a very good reason to talk down Bitcoin, since it's catching on and he's smart enough to recognize the threat that this poses to traditional banks and banking.
Add to that his political biases, and there's no way he could ever form a positive opinion of Bitcoin, no matter how innovative or positive a force in society.
>Chase has 2.5 trillion in assets. It does not care about Bitcoin.
You sure about that? Check out this thread, and all the Bitcoin businesses who have been shut down. Chase has banned all Bitcoin-related businesses. Doesn't sound like ignoring to me.
Truth is, anyone who's been paying attention knows that banks have been systematically shutting down Bitcoin related businesses for the past few months. Again, not ignoring.
>he's smart enough to recognize the threat that this poses to traditional banks and banking.
... for Christ's sake. Give it a rest, he's not a mustache-twiddling dastardly capitalist and the banking system is not trying to keep Bitcoin down.
The banking system is ignoring you.
I'm not talking about Winklevii clowns or a few comments from a few figures or a Senate hearing.
I'm talking about the corporations for whom 8 billion ('market cap' for Bitcoin) is pennies. Chase has 2.5 trillion in assets. It does not care about Bitcoin.
More importantly, no one in Bitcoinland seems to realize that Bitcoin is re-implementing our financial system, and doing it badly--perhaps because when they do, they realize how silly it all is.
If not, he's got a very good reason to talk down Bitcoin, since it's catching on and he's smart enough to recognize the threat that this poses to traditional banks and banking.
Add to that his political biases, and there's no way he could ever form a positive opinion of Bitcoin, no matter how innovative or positive a force in society.