In What Looks Like Another Twilight Attack Of JP Morgan, Another Of Their Best Men made broad and radical statements against cryptocurrencies. Mike Bell, global market strategist, said governments would end by banning cryptocurrencies.

The market is currently in a precarious space because the confusion in Korea keeps people in the uncertainty about an alleged ban.

This is not the first time that a JP Morgan man has timed his vitriol against Bitcoin as a result of external factors. CEO Jamie Dimon said that Bitcoin was a fraud as a result of China's ban.

Alluding to a Global Ban

Speaking to Bloomberg, Bell made some general statements about Bitcoin and its potential to be a tool for wrongdoing, indicating that for this reason, globally, governments could seek to prohibit the entire market.

"I think that's the main problem with that.If you try to avoid the government, in the end, it's threatened by a huge regulatory risk because There are concerns about money laundering and all the rest. "

" I think that there is a big risk eventually. "

The world has already seen some bans being touched by some nations, no more than when China has made big news with its uncompromising approach to ICOs and trade

The market was helped by the JP Morgan CEO, Jamie Dimon, leading a tirade against Bitcoin

Right now, there is uncertainty in Korea over their position on Bitcoin, and this new attack by a JP Morgan man seems a little too much.

This position is also that of Bitcoin believer John McAfee who tweeted the following:

Everyone relaxes! The crypto dip was caused by JP Morgan's Mike Bell, saying governments could ban cryptocurrencies. Well how? This is the same company that called the BTC a fraud. This is a bank FFS. They are rightly terrified by what we do. But he can not be stopped. – John McAfee (@officialmcafee) January 16, 2018

A global ban?

Even if Korea were to join the likes of China in trying to ban Bitcoin and others within their borders, that does not mean that they'll ever really be able to throw the deadly blow .

A member of the board of the German Bundesbank Joachim Wuermeling called for this global front in Bitcoin regulation, but that will always be difficult

"Effective regulation virtual currencies would therefore only be possible thanks to the greatest international cooperation possible because the regulatory power of nation-states is obviously limited. "

Just Warning

While it's easy to draw parallels between this FUD and that of Jamie Dimon, Bell concluded with a fair warning to investors.

think investors should be very careful looki ng these cryptocurrencies. You must distinguish the technology that underlies them in Blockchain and those cryptocurrencies that, unless they actually have some claim to a business, and are a kind of equity participation, are for all intents and purposes very difficult to evaluate. "