Though Jamie Dimon stays a Bitcoin critic, JPMorgan continued to make waves within the blockchain trade.
Whereas there are various Bitcoin believers assured within the existence of the cryptocurrency, there are additionally unrepentant BTC critics like JPMorgan (NYSE: JPM) CEO Jamie Dimon. The CEO has made a number of bearish feedback on crypto and continues to be vocal about his stance towards all digital currencies. Certainly one of his well-known criticisms towards Bitcoin was in 2017 when he known as the highest crypto asset a “fraud.” To additional his opposition to the digital asset, he added that any JPMorgan dealer caught buying and selling BTC can be fired instantly.
Over time, Jamie Dimon has eased his posture about crypto belongings however stays oppositional to Bitcoin. A while in the past, he revealed his perception in blockchain expertise, noting that rising expertise has worth. JPMorgan has additionally been exploring the blockchain regardless of the CEO’s stance on cryptocurrencies.
Jamie Dimon is especially towards Bitcoin and all it stands for. He reiterated his opinion about Bitcoin and different cryptocurrencies whereas talking on the firm’s forty first annual Healthcare Convention. He referred to digital foreign money as a speculative “asset” that may by no means exchange actual cash or grow to be an environment friendly fee system. JPMorgan’s boss added that crypt had grow to be a regular device amongst criminals for illicit actions. As a matter of truth, Dimon stated digital belongings are used extra for unlawful actions than authorized ones. The businessman additional defined that crypto volatility is why some folks spend money on them aside from buying tangible merchandise and investing in companies.
In a tweet, the Chief Innovation and Commercialization Officer for Atrium Well being, Rasu Shreshtha, wrote that Dimon known as crypto a “Decentralized Ponzi scheme.” That is the umpteenth time Jamie Dimon will likely be attacking Bitcoin and different altcoins. The CEO referred to Bitcoin final 12 months as “soiled” and “costly.” He slammed crypto in the course of the Institute of Worldwide Finance assembly held in Wasghton in October 2021. The billionaire said that he would “by no means” purchase cryptocurrencies.
Though Jamie Dimon stays a Bitcoin critic, JPMorgan continued to make waves within the blockchain trade. The corporate already permits tokenized US greenback deposits with JPM Coin. Coinspeakr additionally reported in October that the monetary companies firm is making a fee alternative for Non-Fungible Tokens. The corporate partnered with Visa to unveil a joint blockchain fee gateway. Stories confirmed that the duo was planning to roll out the fee gateway in a number of international locations.
There have been additionally talks on music NFT media at JPMorgan.
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Ibukun is a crypto/finance author all in favour of passing related data, utilizing non-complex phrases to achieve all types of viewers.
Aside from writing, she likes to see films, cook dinner, and discover eating places within the metropolis of Lagos, the place she resides.
