[mindcreek]

jpmorgan has an aggressive stance against bitcoin for a while now. I wonder what is behind their continuous negative statements about bitcoin, if you don't like it just don't use it, it's not like we are pushing bitcoins down their throats or stg :)

[tragic]

The document ref'd in the OP is not a press release, or an arsey comment on HN, but an investor's note. JPM are telling their clients not to invest in bitcoin, because they do not rate it as an investment.

That is what is 'behind' the negative statements. They are not engaging in personal vendettas, but trying to make money, and have decided that - even compared to the absurd pre-08 financial instruments - a deflationary pseudo-currency based on fantasy randroid economics is not a great idea from the old 'get money' angle.

How incomprehensibly mean spirited of them!