JPMorgan’s Dimon Believes Bitcoin Can Hit $400k, But Still Thinks It “Worthless” — Why?

JPMorgan’s Dimon Believes Bitcoin Can Hit $400k, But Still Thinks It “Worthless” — Why?
фото показано с : zycrypto.com

2021-10-14 01:47

JPMorgan’s Jamie Dimon has maintained that he sees no value in the world’s largest cryptocurrency.

Speaking on Monday during the annual membership virtual meeting at the Institute of International Finance conference, the American billionaire reiterated his earlier statements on Bitcoin, arguing that it was just a matter of time before the currency came crumbling to nothing.

“I personally think that Bitcoin is worthless, I don’t care. It makes no difference to me” he said.

He also stated that although JPMorgan does not custody Bitcoin and other cryptocurrencies, it would still continue to offer exposure to crypto to its clients, whom the backstops with, in matters concerning investing decisions.

”Our clients are adults. They disagree, that’s what makes markets, so if they want to have access to buy or sell bitcoin, you know we can’t custody it but we can give them legitimate, clean and possible access” 

In early August, the bank quietly unveiled a crypto fund that would see private bank clients access various crypto assets investment services through the New York Digital Investment Group (NYDIG), a leading technology and financial services firm dedicated to Bitcoin.

This is not the first time the top banker has thrown shades at Bitcoin. Although he has previously expressed his confidence in the technology behind cryptocurrencies and even implying at Bitcoin hitting $400,000 in less than five years, he generally sees the cryptocurrencies, particularly bitcoin as having no real value and only driven by pure speculation.

Dimon also threw his two cents on regulation around digital assets and CBDCs. He noted that given the growing anxiety around blockchain and stablecoins in Washington, regulations around the cryptocurrency ecosystem were bound to happen. “No matter what anyone in the room thinks, nor what any libertarian thinks, nor what anyone thinks about it, governments going to regulate it” 

Interestingly, despite Dimon’s derogatory remarks, Bitcoin has only emerged stronger. In 2017, he compared the popularity of the asset to that of Tulips in the 1600s whose prices came crashing to almost zero after a hyped get-rich campaign, even threatening to fire employees found trading Bitcoin. 

Since Dimon’s infamous “Bitcoin fraud rant” in 2017, the asset has put forth exponential gains adding over 2000% in value to trade at just over $57,300, at press time, roughly $7000 shy of the asset’s all-time high price.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 65644.84 (+0.34%)
Объем 24H $29.914b
Изменеия 24h: -0.57 %, 7d: 4.43 %
Cегодня L: $65194.83 - H: $65644.84
Капитализация $1293.158b Rank 1
Цена в час новости $ 58074.23 (13.04%)

jpmorgan bitcoin dimon american reiterated billionaire meeting

jpmorgan bitcoin → Результатов: 126


JPMorgan: реальная стоимость BTC — $4200

Специалисты американского финансового холдинга JPMorgan Chase & Co считают, что bitcoin может повторить сценарий, реализованный им после достижения максимумов в декабре 2017 года (уйдя в падение).

2019-5-20 13:13


JPMorgan Plots Blockchain Payments to Fight Transferwise, Ripple Threat

By CCN. com: Wall Street firm JPMorgan has a plan to save the banking industry’s lucrative cross-border payments business from alternatives such as Bitcoin and fintechs such as Ripple and TransferWise – expand the use cases for its permissioned blockchain network, the Interbank Information Network (IIN) to include settling payments.

2019-4-22 15:49


Фото:

IDEX CEO: Facebook, JPMorgan Taking Interest in Crypto is Optimistic, But There’s a Catch

Decentralized exchanges (DEXs) have rapidly become a hot topic in the ongoing crypto bear market. NewsBTC took some time to sit down with Alex Wearn, the chief executive of AuroraDAO, the company by the popular IDEX exchange, to talk about this crypto subsector, mainstream Bitcoin adoption, and this innovation’s long-term prospects when pitted against the.

2019-4-15 17:15


Том Ли: «Медвежий рынок для биткойна закончился на уровне $3000»

Бывший финансовый аналитик JPMorgan Том Ли выразил мнение, что согласно показателю созданного им «Индекса страдания биткойна», медвежий рынок для первой криптовалюты закончился на уровне $3000. Том Ли (Tom Lee) поделился своими мыслями в Twitter, рассказав, что 2 апреля «Индекс страдания биткойна» (Bitcoin Misery Index, BMI) достиг самых высоких показателей с июня 2016 года и составил […]

2019-4-15 13:04


Том Ли: медвежий рынок для биткоина закончился на $3000

Финансовый аналитик и бывший главный стратег-аналитик JPMorgan Chase Том Ли (Tom Lee) написал в Твиттере, что созданный им “Индекс страдания биткоина” (Bitcoin Misery Index, BMI) продемонстрировал самые высокие показатели за период с июня 2016 года.

2019-4-13 14:02


Фото:

Том Ли: медвежий рынок для биткоина закончился на $3000

Финансовый аналитик и бывший главный стратег-аналитик JPMorgan Chase Том Ли (Tom Lee) написал в Твиттере, что созданный им “Индекс страдания биткоина” (Bitcoin Misery Index, BMI) продемонстрировал самые высокие показатели за период с июня 2016 года.

2019-4-12 21:19


Minds CEO: Facebook Needs to Follow Same Philosophy of Bitcoin When Creating Own Crypto Asset

The cryptocurrency market has grown and evolved in the last decade of activity, taking it from a simple one-asset market to a booming industry with hundreds of options for consumers. As major companies like Facebook, JPMorgan, and Goldman Sachs break into the market, the dynamics have been changing even more. Anthony Pompliano of Morgan Creek […]

2019-4-10 02:10


Фото:

Криптовалютам пользователей Android-смартфонов грозит опасность

Эксперты вычислили новый троян для Android-смартфонов, мишенью которого являются топовые криптоприложения. На данный момент в числе пострадавших оказались пользователи Coinbase, BitPay и Bitcoin Wallet, а также клиентская база банковских приложений JPMorgan, Wells Fargo и Bank of America. Согласно исследованию фирмы...

2019-3-30 18:30


Citibank Scrapes JPM Coin-Like Crypto Token ‘Citicoin’ Platform And Decides To Bet On SWIFT

Citibank Scrapes JPM Coin-Like Platform And Decided To Bet On SWIFT Everybody is talking about JPM Coin right now, the token which was created by the JPMorgan bank. However, do you remember Citicoin? Way back before cryptocurrencies got so famous and Bitcoin was well-known, Citigroup’s Innovation Lab, which is set in Dublin, was trying out […]

2019-3-19 22:59


Тим Дрейпер: правительствам надо помогать Bitcoin. Предприниматель сделал смелый прогноз

Тим Дрейпер, один из первых инвесторов в такие компании как Hotmail, Skype и Tesla, полагает, что в будущем все современные деньги перестанут быть востребованными, так как люди будут переходить на децентрализованные криптовалюты, такие как Bitcoin, а компании будут все больше полагаться на стейблкоины, а также на криптомонеты по аналогии с JPM Coin, запускаемым банком JPMorgan.…

2019-3-18 15:03


Фото:

Max Keiser: Fed’s ‘Permanent QE’ Flipped Bitcoin Price Bullish (Interview)

Max Keiser shares his thoughts with Bitcoinist on JPM Coin, Warren Buffet’s anti-Bitcoin comments, and what ‘permanent QE’ means for BTC price in the future. Max Keiser: JPM Coin a ‘Hot Steaming Pile of Dog Crap’ Bitcoinist: Are your surprised that JPMorgan revealed its JPM Coin after bashing Bitcoin for years? Max Keiser: JP Morgan is years behind and may never catch up in the cryptocurrency space.

2019-3-2 20:00


Jamie Dimon Teases Future Grocery Shopping Runs with JPMorgan’s Cryptocurrency

Wall Street titan and noted bitcoin basher Jamie Dimon said that JPMorgan’s controversial cryptocurrency could one day be used for consumer payments. Jamie Dimon: JPMorgan Cryptocurrency Could Target Consumer Use “JPMorgan Coin could be internal, could be commercial, it could one day be consumer,” Dimon said at the bank’s annual investor day in remarks quoted by CNBC.

2019-2-27 22:03


Фото:

JPMorgan Estimates “Fair Value” of Bitcoin at $2,400; Crypto Miners React

According to a report published by South China Morning Post on February 21, 2019, the U. S investment bank JPMorgan Chase estimates the “fair value” of bitcoin (BTC) at $2,400. Cryptocurrency Miners Not Impressed JPMorgan, in their January report titled Blockchain and Cryptocurrencies 2019: Adoption, Performance and Challenges, estimates the intrinsic value or “fair value” ofRead MoreRead More.

2019-2-22 22:00