The price of Bitcoin fell by nearly 20% in a day.
A comment from JP Morgan's CEO seems to be the chance of the rapid falling. It was in the conference
Jamie Dimon, an CEO of JP Morgan said in the Barclays' financial conference in New York on Sep 12. According to him, Bitcoin is a kind of fraud and useful only to drug dealers.
He claimed that Bitcoin is against their rules and therefore stupid. I believe he has no idea of what Bitcoin and blockchain means. His outdated ideology is rather a disgrace for conventional bank organizations.
However, it should be accepted that his absurd comment is still influential to the economy of cryptocurrency. Values of alter-coins were also damaged. There is no doubt that Bitcoin economy is very vulnerable so that only gamblers are fond of dealing with Bitcoin.
On the other hand, it is possible that major investors for Bitcoin will sue Dimon for damaging the price of Bitcoin. But it will not be successful because the reason of price change is not a comment of a particular person but the behaviors of stockholders.
I am not sure about the true price of Bitcoin. More or less, however, cryptocurrency will become the major source of value in the near future.
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