<center>https://media0.giphy.com/media/LukAHGCMfxMbK/giphy.gif</center>


<center>**BITCOIN NEWS TODAY**</center>


<center>The price of Bitcoin hits **$10,800** this afternoon, which is up from only **$8,400** a week ago. The volatility of the cryptocurrency market can demonstrate just how quickly the situation can change for investors and JP Morgan, the huge multinational American bank may have highlighted a potential flaw with Bitcoin that may just be its downfall.</center>

<center>https://scontent-lhr3-1.xx.fbcdn.net/v/t1.0-9/28058391_1592341037467739_858129397844120432_n.jpg?oh=8c175e230a949c55130fee8e0ba2f7f0&oe=5B0F03FE</center>

<center>**JP MORGAN, PREDICTS BITCOINS DOWNFALL**</center>

<center>In September, 2017 J.P. Morgan CEO Jamie Dimon became notorious after he called Bitcoin a fraud, while he later made a statement saying he regretted those comments, the American bank has now stated that bitcoin **WILL** not be able to properly deal with a liquidity crisis in the event of an economic shock.</center>

<center>https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/04/04/104383647-GettyImages-650390538.530x298.jpg?v=1496412315</center>

<center>**JPMorgan Chief Executive Officer Jamie Dimon.**</center>

<center>When a liquidity crisis occurs, central banks can pump additional monies into their economy to balance declines in lending and spending in the private sector. These measures would be impossible with bitcoin because there is no central institution that can control this and yearly coin release is fixed.</center>

<center>JP Morgan made a  statement and said: “The ability to provide adequate liquidity is a hallmark of a well-functioning market, but more so during times of crisis.</center>

<center>Bitcoin supporters then hit back saying their case is founded on the assumption that printing money to balance an economy is a good thing. The chief marketing officer **Aaron Lasher** from tech company **Breadwallet** said: "This is a classic case of creating the problem you offer to solve, and exactly why bitcoin exists."</center>

<center>Please help support me in my journey by following me [here](https://steemit.com/@jasonvme).</center>

<center>Another post that gives insight into the keys to success and gives valuable information and guidance within the Steemit community can be found by clicking [here](https://steemit.com/steemit/@jasonvme/new-to-steemit-stop-you-must-read-this-also-free-steem-and-free-bitcoin) to find out how.</center>

<center>Also click [here](https://steemit.com/steem/@jasonvme/free-steem-and-free-bitcoin) to find out how you can earn **FREE STEEM and FREE BITCOIN**.</center>


<center>https://media0.giphy.com/media/lZd4oyt1EzC3C/giphy.gif</center>

<center>If you have any useful information that can help me and the Steemit community, please comment below, let's all learn and grow together.</center>