THELOGICALINDIAN - Bitcoin Is Still Not Jamie Dimons Thing
Jamie Dimon, CEO of JPMorgan, is still not assertive of Bitcoin. He said in a contempo speech/presentation at the New York Times’ Dealbook Online Summit that Bitcoin is still not his “cup of tea,” abacus that he doesn’t appetite the media or anyone abroad to get up in a fuss over this.
In the video acquaint on Twitter, it isn’t absolutely bright what prompted his animadversion on the cryptocurrency. Though, Andrew Ross Sorkin, who runs Dealbook, does awning Bitcoin and cryptocurrency on CNBC already in a while.
Dimon abundant to Sorkin that what he is absorbed in is “structured AML and KYC,” apparently referencing how the cryptocurrency doesn’t accept any of that natively congenital in.
The Wall Street CEO added that while he isn’t absorbed in Bitcoin, he is absorbed in blockchain as a way to accredit bigger customer experiences, such as cheaper transactions.
Another arresting agnostic of Bitcoin is Ray Dalio, a billionaire barrier armamentarium manager. Dalio co-manages Bridgewater Associates, the world’s better barrier fund. The broker is generally apparent on a agnate akin to Warren Buffett. Dalio afresh declared on Bitcoin:
Of note, Dimon has staffers alive for him that are bullish on the arch cryptocurrency.
BTC Has Wall Street Supporters
While Dimon and Dalio may be agnostic of Bitcoin, the cryptocurrency is accepting absorption on Wall Street.
Paul Tudor Jones, a billionaire investor, wrote in May on Bitcoin:
Other billionaire investors are starting to buy the cryptocurrency as they see it as a barrier adjoin the advancing macroeconomic trends affecting investors.
