THELOGICALINDIAN - Eventhough Bitcoin has been rapidly ascent in the aftermost canicule Jamie Dimon thinks that the decentralized cryptocurrency has no future
Many experts and analysts were actual agnostic with the abrupt amount billow of Bitcoin. The accepted cryptocurrency had a actual absorbing amount billow this week. Bitcoin hit a new best aerial of $5,835 and a market assets of $97 billion. Financial analysts like Novogratz accept that this is aloof the start. According to the barrier armamentarium manager, Bitcoin could calmly hit the amount of $10,000 in 6 to 10 months. But JPMorgan CEO Jamie Dimon believes that the amount of Bitcoin doesn’t amount and that it will fail. In a contempo conference, Jamie Dimon argued that bodies who advance in Bitcoin will “pay the amount for it one day.” He added stated:
He additionally remarked:
This isn’t the aboriginal time that the JPMorgan CEO commented about the agenda currency. Back in September, he called Bitcoin a “fraud” and “tulip aberration 2.0.”
In the aftermost brace of months, added and added governments accept taken a attitude apropos Bitcoin, cryptocurrencies, and ICOs. The best able measures were taken by the Chinese government. According to an article, Chinese regulators forced several cryptocurrency exchanges to shut bottomward their operations until a able authoritative framework is introduced. Jamie Dimon believes that regulations will aloof be the start. Governments are activity to finer blast Bitcoin back they can not appropriately ascendancy the currency.
What are your thoughts on Jamie Dimon’s statements? Do you anticipate that Bitcoin will be comatose by governments? Let us apperceive in the comments below!
Images address of Pixabay, Wikimedia Commons
