JPMorgan CEO Doesn’t Care If Bitcoin Grows 10X In Five Years
Bitcoin investing is arguably one of the most talked-about investment in the finance industry at present. The returns on the digital asset have seen people allocating more of their investment budgets to bitcoin. But for people who may not have as much fiat as they would like to invest in the asset, borrowing has been a way to get more money to invest. Related Reading | Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown Individuals are also not alone when it comes to borrowing to invest in bitcoin. Institutional investors have also historically....
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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.”
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.”
JPMorgan’s Blockchain Plans
JPMorgan Chase & Co foresees increased blockchain usage in traditional finance and is getting ready to offer related services, Bloomberg reported Thursday.
The global investment bank has been using a blockchain for collateral settlements, allowing its clients to use a wider range of assets as....
JPMorgan CEO Jamie Dimon has reaffirmed his stance on bitcoin while acknowledging that his bank’s clients are interested in the cryptocurrency. “I don’t tell clients what to do,” he said while emphasizing that he does not care about bitcoin. Jamie Dimon Has No Interest in Bitcoin but His Clients Do Jamie Dimon talked about bitcoin during The Wall Street Journal CEO Council summit on Tuesday. Reaffirming his stance on the cryptocurrency, the JPMorgan boss elaborated: I am not a bitcoin supporter. I don’t really care about bitcoin … I have no interest in....
Billionaire Orlando Bravo recently revealed his stance on crypto. Talking to CNBC, Bravo revealed that he indeed held bitcoin and held a very bullish stance on the future of the digital asset. The billionaire appear at the Delivering Alpha conference where he openly expressed his love for crypto. Bravo highlight some of the best features of cryptocurrencies, exclaiming, “How could you not love crypto?” Bitcoin Is Here To Stay Although already quite valuable, the billionaire sees more growth in the future of the currency. Institutional investors are yet to completely dive into the space and....
Mastercard president Rob Reeg admits he doesn’t particularly care for bitcoin, but thinks the blockchain holds promise. In a recent interview with the Business Standard, Reeg opened up about some of Mastercard’s ongoing projects surrounding blockchain technology, and how they plan to implement further security for card holders. Presently, the credit conglomerate is working on two separate blockchain pilot projects; one combines aspect of both public and private ledgers, while the other is strictly private. Regarding the blockchain, Reeg went on to state: “It is an interesting technology....