Jamie Dimon, chief executive of JP Morgan, last week said that hysterics over virtual currency bitcoins, which in 2011 stood just over $ 2, and by this time went up to $ 4000, reminds him of the tulip fever of the 17th century.

"Bitcoin is worse than tulip bulbs," says Dimon. - It can rise in price and up to 20 000 dollars, before it bursts, but it will eventually happen. I'm just shocked that no one can understand this.. "Also, the banker believes that bitkoyn - a very convenient tool for drug dealers and a tidbit for hackers.

However, many assess the statements of the head of JP Morgan with a touch of irony. Yes, Dimon "drove" the bank to enter into a settlement agreement with US regulators investigating his fraud with mortgage bonds. The bank was worth $ 13 billion. It was this scam that caused the banking crisis. In addition, the bank "lit up" in yet another scandal. He hired Chinese officials to work, hoping to receive in return real estate. For this bank JP Morgan paid last year a fine of $ 264 million.

But Dimon's dirty reputation does not guarantee that he is mistaken. Describe what bitkoyn is unlikely to be an easy task. And it does not look like a bill or coin that everyone understands. However, the main reason why Dimon so criticized bitkoyn is the absence of central authorities regulating crypto currency. In other words, it is an alternative financial institution whose popularity is inextricably linked with the decline in confidence in the global system caused by the credit crisis.

For example, British homeowners fear a rise in price of mortgage lending amid the banking crisis. Inflation in the UK over the next few years will exceed the estimated 2% barrier.

The mortgage interest rate may change from the current 0.25% to 0.5% by December of this year. But the British are more intimidated by the possibility of subsequent increases. However, everything depends on the growth of the economy and inflation, stability after the referendum and deterrence of consumer debt.

But one thing remains certain: if bitkoyn "falls", then another system will rise to take his place at the altar and Dimona and his colleagues will have to make room.