Category: jp morgan

Miami’s Mayor Opposes Jamie Dimon, Says Bitcoin Is Definitely Not Worthless

Miami’s Mayor Opposes Jamie Dimon, Says Bitcoin Is Definitely Not Worthless

Francis Suarez strongly disagreed with Jamie Dimon’s opinion that bitcoin is “worthless.” The primary cryptocurrency has intrinsic value, while its underlying blockchain technology is “the most secure, most decentralized blockchain on the planet,” the Mayor said. Suarez Vs. Dimon Miami’s Mayor – Francis Suarez – and JPMorgan Chase’s CEO – Jamie Dimon – are, by […]

Continue Reading

JP Morgan CEO Says Bitcoin ($BTC) is “Worthless,” Here’s Why he is Wrong Again

JP Morgan’s CEO Jamie Dimon is not a big Bitcoin fan and he has made it known over the years and his skepticism continues despite $BTC reaching new highs. Dimon is among the very few skeptics who have maintained his disliking towards $BTC throughout, first, he called it a bubble and predicted it would burst.  […]

Continue Reading

JPMorgan Chase CEO Still Thinks Bitcoin is Worthless —But His Clients Disagree

JPMorgan Chase CEO Still Thinks Bitcoin is Worthless —But His Clients Disagree

Bitcoin’s impressive performance has shut the mouths of several skeptics who have had to acknowledge that -at least since the last few years- there is some merit in investing in this cryptocurrency. Jamie Dimon, CEO of JPMorgan Chase, is NOT in this group. The well-known businessman has again doubled down on his views on Bitcoin, […]

Continue Reading

Here’s Why Bitcoin Soared 35% in Days, According to JP Morgan

Institutions have resumed their appetite for bitcoin instead of gold, claimed strategists from the giant Wall Street bank JPMorgan Chase & Co. Consequently, they attributed the recent price surge to new multi-month highs to substantial purchases coming from large investors. Guess Who’s Back? The demand for bitcoin from institutions is a relatively new concept in […]

Continue Reading

JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge

JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge

Global investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price of bitcoin in recent weeks, including assurances that U.S. policymakers will not ban cryptocurrencies. JPMorgan Sees Renewed Interest in Bitcoin JPMorgan published a research note […]

Continue Reading

JPMorgan CEO: Bitcoin Is Going to Be Regulated, ‘Whether You Like It or Not’

JPMorgan CEO: Bitcoin Is Going to Be Regulated, ‘Whether You Like It or Not’

Jamie Dimon reiterated his negative stance on bitcoin, saying it serves as the “fool’s gold of the future.” He also opined that the entire cryptocurrency industry will inevitably be put under a regulatory framework. Bitcoin Has No ‘Intrinsic Value’ The Chief Executive Officer of JPMorgan Chase & Co. – Jamie Dimon – is, by all […]

Continue Reading

JPMorgan CEO: Bitcoin Has No Intrinsic Value, Regulators Will ‘Regulate the Hell out of It’

JPMorgan CEO: Bitcoin Has No Intrinsic Value, Regulators Will ‘Regulate the Hell out of It’

The CEO of global investment bank JPMorgan, Jamie Dimon, says that bitcoin has no intrinsic value and “regulators are going to regulate the hell out of it.” He emphasized: “If people are using it for tax avoidance and sex trafficking and ransomware, it’s going to be regulated, whether you like it or not.” JPMorgan’s Boss […]

Continue Reading

Is JP Morgan Right About “Frothy” Crypto Market?

JP Morgan has speculated on another bearish phase after reviewing the extraordinary monthly US stocks collection. According to the bank, more and more retail investors have spent on US stocks over the summer of 2021. Furthermore, this wave of investment into stocks has also extended to “altcoins” in August, as investors joined the non-fungible tokens […]

Continue Reading

Wells Fargo, JPMorgan partner with NYDIG to launch bitcoin funds

Wells Fargo, JPMorgan partner with NYDIG to launch bitcoin funds

A trio of filings with the Securities and Exchange Commission on Thursday reveal that both Wells Fargo and JPMorgan are working with investment services company NYDIG to offer bitcoin investment exposure to their respective client bases. Two of the notices name J.P. Morgan Securities as the recipient of the shares tied to the bitcoin fund. […]

Continue Reading

JP Morgan Warns Hasty CBDC Implementation Could “Cannibalize” Financial System

JP Morgan, the American Banking giant has warned against the hasty implementation of Central Bank Digital Currencies (CBDC). The bank said the creation of a new CBDC based retail loan and payments channels must not come at the cost of the existing financial system. Hasty implementation of the CBDCs in the retail market could “cannibalize” […]

Continue Reading