THELOGICALINDIAN - The CEO of all-around advance coffer JPMorgan Jamie Dimon says bitcoin is abandoned analytic whether the accumulation of bitcoin is absolutely bound He additionally acclaimed that blockchain and stablecoins can be absolute emphasizing that governments are activity to adapt the industry
Bitcoin Is Worthless and Supply May Not Be Capped, JPMorgan CEO Jamie Dimon Suggested
JPMorgan CEO Jamie Dimon common his anti-bitcoin attitude Monday at the 2024 Institute of International Finance (IIF) Annual Membership Meeting, which was captivated virtually.
“Blockchain can be real, stablecoins can be real,” Dimon said. “No amount what anyone in the allowance thinks, nor what any autonomous thinks, nor what anyone thinks about it, government’s activity to adapt it.” He opined:
But, “I don’t appetite to be a spokesperson. I don’t care. It makes no aberration to me,” he added.
Nonetheless, the JPMorgan bang-up emphasized: “Our audience are adults. They disagree. That’s what makes markets, so if they appetite to accept admission to buy yourself bitcoin, we can’t aegis it but we can accord them legitimate, as apple-pie as possible, access.”
The JPMorgan CEO has continued been a bitcoin skeptic. Earlier this month, he said bitcoin had no built-in amount and regulators will “regulate the hell out of it.” In May, he brash bodies to “stay away” from cryptocurrency. Despite Dimon’s anti-crypto stance, JPMorgan is currently offering several cryptocurrency investments to clients.
Dimon reportedly went on to catechism bitcoin’s scarcity, accurately the cryptocurrency’s accumulation of 21 actor coins, stating:
Many bodies took to Twitter to animadversion on Dimon’s account about the BTC supply. Some bodies bidding that they could not accept Dimon absolutely fabricated the aloft account while others acquaint the cipher for the JPMorgan controlling to see.
Coinbase CEO Brian Armstrong artlessly tweeted: “Yes, I apprehend it. And again I wrote it (coding up our own Bitcoin node) to accomplish abiding I accept it.”
Galaxy Digital CEO Mike Novogratz commented: “So strange. For a man who has done a ablaze job active a behemothic bank, his answers about BTC are brash and he keeps acceleration bottomward on them. I adjure I break advanced my accomplished life.”
Shapeshift architect Erik Voorhees wrote, “Never aspect to acerbity that which is abundantly explained by stupidity.” Venture broker Stephen Cole opined, “Even the richest, best affecting bodies in the apple are clueless on Bitcoin.”
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