My Clients Care About Bitcoin, I Don’t: JPMorgan CEO Jamie Dimon

My Clients Care About Bitcoin, I Don’t: JPMorgan CEO Jamie Dimon
фото показано с : zycrypto.com

2021-5-6 23:10

The trajectory that bitcoin has seen over the last decade has been nothing if not interesting. There was a time where it was popular among top financial executives to denounce bitcoin and declare it is a scam or fraud at any given opportunity.

In the last year, however, more firms than ever before have been embracing bitcoin whether as an investment vehicle or as a form of payment. These have included Tesla, WeWork, PayPal, and of course, JPMorgan.

However, a new interview with JPMorgan CEO Jamie Dimon shows that while the company has embraced bitcoin, he is not personally fond of it. 

Dimon Lukewarm on Bitcoin 

This is not the first time that Dimon has spoken out about bitcoin in a way that shows that he does not support it. Back in 2017, he called bitcoin a fraud in a widely circulated interview. Now, he has clarified that while he is not necessarily a supporter of bitcoin but instead, recognizes the need for bitcoin availability due to clients’ demand.

This comes as JPMorgan announced in April 2021 that certain clients would be able to invest in a managed bitcoin fund from summer 2021. He clarified in the interview that JPMorgan as a company actively makes use of blockchain, the technology behind bitcoin. Despite this, he seems more fond of Central Bank Digital Currencies (CBDCs) which are often seen as a more stable and legitimate form of digital currency than privately issued tokens.

This admission on Dimon’s part is quite interesting as it shows that many within the larger financial sector may not necessarily agree with the idea of cryptocurrency but will come on board if it serves their economic interests.

BTCUSD Chart By TradingView

For a long time, crypto enthusiasts believe that the key to adoption was convincing prominent executives and business people of the merit of cryptocurrency. Now, as we enter a new era of profitability for the industry, it seems that many of these executives and their companies will have to get on board whether they personally like cryptocurrency or not. Failure to do so could see these companies lose out on significant market share given how enthusiastic investors seem to be about cryptocurrency these days.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95658.25 (-0.20%)
Объем 24H $40.976b
Изменеия 24h: -1.36 %, 7d: -7.43 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1894.009b Rank 1
Цена в час новости $ 57022.57 (67.76%)

bitcoin executives financial among time popular denounce

Источник: zycrypto.com

bitcoin executives → Результатов: 126


Фото:

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to […]

2021-2-12 02:30


Фото:

Big Tech Execs and Bitcoin: Skype Cofounder Keeps Personal Wealth in Crypto, Intercom Chairman ‘Firmly Jumps on the Bitcoin Wagon’

This week two well known tech executives revealed they have been dabbling in bitcoin and other cryptocurrencies. In a recent interview, Skype cofounder Jaan Tallinn detailed that he held bitcoin and ethereum in his personal finances, while the Intercom cofounder Eoghan McCabe tweeted on Sunday that he’s “jumped firmly onto the bitcoin wagon.

2020-11-16 19:05


Фото:

Year-End Gold and Bitcoin Price Predictions from Regular Everyday People

Just recently, news.Bitcoin.com talked to a number of individuals and asked them to let us know what they think the price of bitcoin and gold will be by the year’s end. Rather than leveraging the typical predictions from experts, executives, and crypto luminaries, the post delves into the perspective of average people and what they […] The post Year-End Gold and Bitcoin Price Predictions from Regular Everyday People appeared first on Bitcoin News.

2020-8-10 04:30


Фото:

European Bitcoin Exchange Hacked for $1.4 Million, Claims It Cannot Afford to Repay Users

2gether, a Spanish cryptocurrency trading platform, has been hacked for about $1. 4 million and company executives claim that they do not have the money to repay customers. Chief executive officer Ramon Ferraz Estrada said over the course of several tweets on Monday that the breach of July 31 affected crypto investment accounts and exposed user […] The post European Bitcoin Exchange Hacked for $1.

2020-8-4 07:03


Bitcoin May Get Massive Boost as Democrats Propose $3 Trillion in Extra Stimulus

Both Bitcoin and the stock market have recovered strongly since the March lows, but the “real” economy is not in a good place. As Chamath Palihapitiya — one of the first Facebook executives and a prominent venture capitalist — said in a recent CNBC “Squawk Box” interview, the economy is now far removed from capital markets....

2020-5-14 04:07


Фото:

Deutsche Bank Vet Bullish on Crypto, Launching Bitcoin Trading Desk in May

Deutsche Bank has long been bullish on crypto assets like Bitcoin, and the culture has spilled over into the company’s executives. One of the bank’s veterans and former FX Japan Managing Director is even launching a crypto trading desk of his own, set to launch this coming May 2020 – right when Bitcoin’s halving is expected to drive significant interest in the asset class.

2020-4-24 18:00


Фото:

Next Block Guru Awards: EXW Wallet Nominated for “Best Crypto Payment Service Award”

Krypton Events have made a name for themselves in the crypto industry by holding numerous successful events to bring together the blockchain, crypto and fintech enthusiasts, experts and businesses. This year alone, they’ve hosted 6 conferences in total, bringing together top blockchain executives and businesses and top-tier investors and industry visionaries from around the world.

2019-11-23 12:43


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Decline Continues: Are Bulls Losing Control?

Bitcoin price extended losses and traded below the $100,000 zone. BTC is struggling and might continue to move down toward the $92,000 support zone. Bitcoin started a fresh decline from the $102,000 resistance zone.

Bitcoin Price Struggles at $100K: Is The Rally Losing Steam?

Bitcoin price struggled to clear the $102,000 resistance zone. BTC is correcting gains and might test the $97,500 support zone. Bitcoin started a downside correction from the $102,000 zone. The price is trading above $98,000 and the 100 hourly Simple moving average.

Bitcoin Price Dips Again: Is The Momentum Shifting?

Bitcoin price started another decline and traded below the $98,000 support. BTC dipped toward the $95,000 level and is currently correcting losses. Bitcoin started a fresh decline below the $98,000 support zone.