sachs c.e.o. lloyd blankfein says climb maybe another bubble just like that of the dot coms and j.p. morgan chase c.e.o. jamie dimon compares cryptic heresy to the dutch seventeenth century. don't these men have a point i mean a bubble forms when there is public ignorance and when most people have a vague idea what it is and how it works. i think that i think you have to point the most people don't really understand what bitcoin is it is peer to peer electronic money that means i have a phone here i can use that phone to transfer money to a nearby phone or to a phone on the other side of the planet the transfer is instant it is practically free nobody gets to decide whether i can make that transaction or not including financial authorities and that in itself will mean a financial revolution this is an extinction level event for banks banks will no longer be a necessary middle. more than anything why i believe this is the future of finance i'm a name that he makes. obviously very popular but it also enables crime to remember the interests want to cry or run somewhere this may this can