JPMorgan CEO Jamie Dimon Says Bitcoin Is Fool's Gold, Here's Why He's Wrong
Dimon's recent remarks demonstrated a high degree of economic privilege and complete oblivion to Bitcoin.JPMorgan CEO Jamie Dimon reiterated past skepticism of bitcoin in a recent interview with Axios. When asked if Bitcoin was the fool's gold of the future, Dimon responded it has no underlying value.Dimon fails to see Bitcoin's true value because of his financial privileges, which blind him to the realities of billions that live outside of his utopia bubble.He doesn't have to worry about his savings being cut in half overnight nor endure constant periods of hyperinflation that erode....
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In a new interview JPMorgan CEO Jamie Dimon continued his history of criticism against Bitcoin, saying “I think if you borrow money to buy Bitcoin, you’re a fool.”
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Jamie Dimon, the CEO of JPMorgan Chase, says that he does not particularly like crypto but will defend your right to invest in it. However, he sees benefits in some aspects of digital currency. JPMorgan’s Jamie Dimon on Crypto, Digital Currency JPMorgan Chase CEO Jamie Dimon talked about cryptocurrency in an interview with KMTV 3 News Now in Omaha Friday ahead of the Berkshire Hathaway annual shareholders meeting this weekend. Commenting on cryptocurrency, including bitcoin, the JPMorgan boss said: I always say I don’t particularly like it. I defend your right to do it.....
Jamie Dimon, the CEO of one of the biggest financial institutions of the world, JPMorgan, has once again let the world know about his stance on bitcoin and cryptocurrencies. Dimon stated that whoever borrowed money to purchase bitcoin was, in his opinion, a “fool.” However, his personal opinion has not clashed with the fact that JPMorgan is now offering access to six cryptocurrency funds for its customers and even created its own digital ledger token for payments, called JPM Coin.
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JPMorgan Chase CEO Jamie Dimon sees decentralized finance (defi) and blockchain as real, new technologies that can be deployed in both private and public fashion. He also noted that JPMorgan is at the forefront of this innovation. JPMorgan’s Jamie Dimon Praises Defi and Blockchain JPMorgan CEO Jamie Dimon recognized the merit of decentralized finance (defi) and blockchain technologies in his latest annual letter to shareholders, published Monday. While talking about his company’s investments in technology, Dimon said: Decentralized finance and blockchain are real, new....