There are no truer words coming together than “Change is the only constant”.
Given the right chance, everything and everyone will change. It's easy to stand far from whence an action is taking place and judge because you've not been given the chance of “experiencing” that atmosphere to discover that what drove the people there to do what you're judging them for could quite possibly drive you too.
Similarly, the environment or spaces we grow from influences our ideas and views on things, this is why a Christian and Muslim both have strong faith in their teachings and sometimes may call the other false - or at least some part.
Why? They were born to different ideas and have been groomed by it so anything else would be considered false. But at the same time, their opinions and ideas are quite volatile - it just takes the right people, place, time and event to change people's opinions on things.
Opinions are inherently volatile due to a complex interplay of psychological, social, and cognitive factors. This volatility stems from the dynamic nature of human thought processes, societal influences, and the ever-evolving nature of information sources.
If we pick societal influences for a focus here, we can derive various examples.
If a person spends enough time with people who believe killing is like a regular activity, with time, such individual will be of the same opinion. The volatility rate here really depends on various other factors like one's depth of thought processes and really just the degree of alternate opinions.
Notwithstanding, given that this is all emotion-inclined, opinions can be considered highly volatile in the broader spectrum.
Why am I even talking about this?
Crypto and blockchain technology of course
Has it even been something else?
JPMorgan’s Jamie Dimon has quite a number of opinions on Bitcoin and cryptocurrency really and we've watched these opinions evolve and take various different forms due to the turnout of events and of course, societal factors.
Some highlights:
Speaking at a conference in New York, the boss of America’s biggest bank said he would fire “in a second” anyone at the investment bank found to be trading in bitcoin. “For two reasons: it’s against our rules, and they’re stupid. And both are dangerous.”
He added: “The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.
“If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than US dollars,” he said. “So there may be a market for that, but it would be a limited market.”
Appearing at the CNBC-Institutional Investor Delivering Alpha conference, Dimon said at the time: “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.” He also contended, “It’s just not a real thing, eventually it will be closed.”
“I’m not interested that much in the subject at all,” Dimon added, though he did acknowledge that “blockchain is real.” Blockchain is the secure online ledger technology underlying bitcoin. J.P. Morgan and other major financial institutions are pursuing blockchain-related projects.
First of all, people get killed every day, what's this corny ass comment about?
Now, notice how he's now of the opinion of “blockchain being real”, and that JPMorgan is pursuing blockchain-related projects?
Well that's a way of saying “oh we're looking at the tech of bitcoin and looking for ways to turn it into our advantage cause it's actually really smart and only dumb people like ourselves would think otherwise”.
May I just point out that saying that crypto will just close was very weird.
In 2014, Jamie said bitcoin was a terrible store of value and in 2018 it praised blockchain technology and guess what happened next?
Late last month, JPMorgan rolled out access to four funds from Grayscale Investments and one from Osprey Funds: Grayscale Bitcoin Trust, Grayscale Bitcoin Cash Trust, Grayscale Ethereum Trust, Grayscale Ethereum Classic Trust and Osprey Bitcoin Trust, said the people.
The sources declined to be identified speaking about the offerings, each citing an awkward fact: JPMorgan CEO Jamie Dimon has been one of Wall Street’s most outspoken skeptics of bitcoin and related digital assets.
I guess JPMorgan isn't smart after all as no smart people should be touching this worse than tulip bulbs invention.
And of course we have the move in the direction of tokenization now heavily talked about by JPMorgan despite this past opinion on the technology.
At the end of the day, opinions are volatile and will change with time. Even bitcoin lovers evolve to become haters and vice versa, it's all a matter of time, people, place, and events.
People's opinions will always change to cling onto what makes them look good in the present time hence why one should never place any importance on what people say or think of anything, rather, invest in finding your own feet on subjects or topics.
Posted Using InLeo Alpha