Crypto Market Carnage Triggers JPMorgan Chase Bank CEO Jamie Dimon’s Bitcoin Comments

2018-11-22 18:34

Jamie Dimon, the CEO of JP Morgan, has always been opposed to Bitcoin (BTC) and cryptocurrencies. Perhaps, he was more friendly towards blockchain technology. But certainly, he did not like Bitcoin. Indeed, he had several negative comments about the popular virtual currency and those who invested in it.

Since the beginning of the current year, virtual currencies are falling and reaching new year lows. This is clearly something not positive for the whole crypto market. This is why Jamie Dimon might be the only person happy about this.

Back in September 2017, Jamie Dimon said that Bitcoin was a ‘fraud’ and that it will eventually blow up. Although Bitcoin continues to exist and there have been several events showing Bitcoin’s strengths, Bitcoin is currently not in the situation that several analysts and individuals believed that it was going to be.

Later in January 2018, Dimon said that he regretted the comments he gave. Furthermore, he said that he believes in the technology behind Bitcoin, the blockchain.

A few hours ago, Bitcoin registered the same price as when Dimon gave these words about the popular virtual currency. In some exchanges such as Coinbase, Bitcoin was traded under $4,200 dollars.

At the time of writing this article, Bitcoin has a market capitalization of $78 billion dollars and each BTC can be bought for $4,500 dollars. In the last 24 hours, Bitcoin lost 1.31% of its value.

According to some analysts, Bitcoin could keep falling down to $1,500 dollars before starting a new bull run. In December 2018 and February 2019, there are two events that are very promising for Bitcoin and the crypto community. In December, the Intercontinental Exchange (ICE) will be launching the Bakkt platform for institutional investors that want to place their funds in the cryptocurrency market.

Later in February 2019, the U.S. Securities and Exchange Commission (SEC) might approve the first Bitcoin exchange-traded fund in the world (ETF). This would also be very positive for the market allowing new investors to have exposure to cryptocurrencies.

origin »

Bitcoin (BTC) на Currencies.ru

$ 80965.17 (+0.49%)
Объем 24H $31.605b
Изменеия 24h: -3.02 %, 7d: -9.88 %
Cегодня L: $80441.76 - H: $80965.17
Капитализация $1606.064b Rank 1
Цена в час новости $ 3891.46 (1980.59%)

bitcoin comments jamie dimon ceo several negative

Источник: bitcoinexchangeguide.com

bitcoin comments → Результатов: 126


Фото:

SEC Investigates Salt Lending’s ICO, Huobi Advises Russian Bank on DLT

In recent regulatory news, the U.S. Securities and Exchange Commission (SEC) has reportedly launched an investigation into Salt Lending’s 2017 initial coin offering. Separately, the SEC revealed that it has stopped accepting public comments on nine bitcoin exchange-traded funds that it rejected in August, and digital asset exchange Huobi has announced that it is providing […] The post SEC Investigates Salt Lending’s ICO, Huobi Advises Russian Bank on DLT appeared first on Bitcoin News.

2018-11-21 15:30


Franklyn Richards of Litecoin (LTC) Comments on Institutionalizing Bitcoin and Cryptocurrencies

Litecoin is a popular cryptocurrency and its developer, Carlie Lee, is well known not only for creating the currency, but for also selling all of his LTC. Though may believe Lee is Litecoin’s developer, another individual – Franklyn Richards, created the code and is still working to maintain Litecoin’s effectiveness. Richards also directs the Litecoin […]

2018-11-19 18:01


Фото:

CEO of Largest Crypto Exchange Believes the Bitcoin Bears Are Here to Stay

BitMEX CEO, Arthur Hayes believes bears have the stamina to keep control of the crypto market for at least 18 months longer. Hayes Forecasts Prolonged Thunderstorms Arthur Hayes, the captain at the helm of the world’s largest cryptocurrency derivatives exchange BitMEX believes bears could maintain control of the cryptocurrency market for at least another 18 months.

2018-11-1 13:00


New Zealand PM Used As Pawn In Fake News Site

Jacinda Arden, Prime Minister of New Zealand has had her face used by a fake news site in order to promote articles aimed at Facebook to encourage a crypto startup. A local media source, ‘Stuff’ reported on Friday that multiple sponsored posts have recently been promoted on Facebook by using the likeness of the New Zealand PM with headlines such as New Investment Plan For Kiwis which were targeted at several different age groups around the country.

2018-10-12 16:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum faces heavy sell-off - So how are investors still holding strong?

Ethereum's net taker volume remained deep in the red, signaling sustained sell pressure over the past few months. Despite the selling pressure, the total number of ETH holders continued to incrThe post Ethereum faces heavy sell-off - So how are investors still holding strong? appeared first on AMBCrypto.