First Mover: What China Crackdown Means for $18K Bitcoin as Dimon Passes on ‘...
Fewer new bitcoin may be hitting the market because miners in China can't sell their bitcoins due to a crackdown by their government.
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Jamie Dimon opened his mouth in Davos about bitcoin and nonsense came out. "It's a terrible store of value," Dimon told CNBC's Andrew Ross Sorkin. "It could be replicated over and over." "It doesn't have the standing of a government," added Dimon. "And honestly, a lot of it - what I've read from you guys - a lot of it is being used for illicit purposes." Evidently Dimon hasn't heard only 21 million bitcoin can be produced and it gets harder and harder to create new bitcoin, with only a few produced each hour. We can't say the same for the Federal Reserve and its partners in money creation,....
JPMorgan Chase CEO Jamie Dimon says the tensions between the U.S. and China and the Russia-Ukraine war are “far more concerning than whether there’s a mild or slightly severe recession.” He stressed: “I would worry much more about the geopolitics in the world today.” JPMorgan Boss Jamie Dimon Warns of Something ‘Far More Concerning’ Than Recession The CEO of JPMorgan Chase, Jamie Dimon, talked about something worse than an economic recession Tuesday at Saudi Arabia’s Future Investment Initiative conference in Riyadh, an annual event sometimes....
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several U.S. lawmakers have shared their views on the situation. Senator Pat Toomey from Pennsylvania said: China’s authoritarian crackdown on crypto, including....
JPMorgan CEO Jamie Dimon has shared his predictions for the U.S. economy, including a chance of “something worse” than a recession. “There are storm clouds,” the executive said, citing interest rates, QT, oil, Ukraine, war, and China.
JPMorgan Chief Jamie Dimon’s Economic Forecasts
JPMorgan’s chairman and chief executive officer, Jamie Dimon, reportedly shared his predictions about where the U.S. economy is headed during a client call last week, Yahoo Finance reported Saturday.
While noting that the U.S. economy is strong,....
In recent times, China has made moves to halt all forms of Bitcoin mining in its vicinity. According to the government, the operation is consuming more energy than necessary. There have been concerns on how the crackdown will affect crypto prices, given that other countries also picked up the trend. China’s action led to a […]