In many ways, JP Morgan (the man) was responsible for the turning of humanity away from ethical inventions and towards the capitalist 20th century. In the early 1900s, Morgan destroyed the visionary Nikola Tesla, because his world-changing discoveries could not make Morgan a profit.

With this in mind, it\'s not really surprising that JP Morgan Chase is one of the organisations spreading fear, uncertainty and doubt (FUD) in relation to the current cryptocurrency climate.

Cryptocurrency, like Tesla, is an attempt to level the playing field and decentralise the banking system, which JP Morgan Chase is instrumental in controlling. It should, therefore, be no cause for wonder that the bank is consistently spreading FUD about the future of Bitcoin. First, its CEO, Jamie Dimon, says Bitcoin is a fraud. Next it\'s top JPMC executive Mike Bell, a Global Market Strategist, who claims that governments will eventually move to ban cryptocurrencies. 

Why? Because JP Morgan Chase and their Big Bank confrères can’t make a profit out of the technology, of course, or use it to manipulate the world\'s economy. Using the general FUDding tactics, JP Morgan builds up the fear factor by hinting at the bad things that could happen. Tesla wanted free electricity for everyone – Morgan wanted to meter it. Cryptocurrency wants peer to peer transparent trading – and how could Morgan\'s disciples ever agree to that?