When blockchain projects show their technology has something to offer that traditional internet doesn’t, big investors will get on board.
Jamie Dimon News
James L. “Jamie” Dimon is an American banker, businessman, and billionaire. Since 2005, he has been the chief executive officer of the largest American financial holding company JPMorgan Chase. Jamie Dimon’s net worth as of 2018 is $1,27 billion. Among the cryptocurrency community, Jamie Dimon has received the reputation as one of strongest Bitcoin critics because of his announcement in 2017 that cryptocurrency was a fraud and that any traders who sold it would be immediately fired. Later he said that he wasn’t interested in dealing with cryptocurrency because of the potential risks involved. Nevertheless, in 2018, Jamie Dimon was all over the news because of his new-found acceptance of cryptocurrencies, though would only agree to use them in the case of total regulation.
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At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide.
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JPMorgan CEO Jamie Dimon regards crypto as a tale of two cities, with “crypto tokens, which you call currencies” on one side and “real” innovations on the other.
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JPMorgan Chase calls for calm in the crypto market. In a recent client survey, just 5% believe Bitcoin will have hit $100,000 by year-end.
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“The reason I own Bitcoin is because the U.S. government and every government in the western hemisphere is printing money now to the end of time,” said billionaire Barry Sternlicht.
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Banking mogul Jamie Dimon has been a notorious detractor of Bitcoin since 2017, in contrast to his firm’s overt desire to capitalize from the ecosystem’s growth.
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After bashing Bitcoin back in 2017, JPMorgan CEO Jamie Dimon seems to have softened his stance on crypto, and so has the firm itself.
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JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.”
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While the OCC's new stablecoin guidance doesn't have an impact on JPM Coin, it could lead to crypto payments if there's demand
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Bitcoin outperforms JPMorgan in terms of market capitalization shortly after the firm’s CEO said Bitcoin “is not my cup of tea.”
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The number of millionaires wanting to buy cryptocurrencies is on the rise, with a new survey indicating that 73% want to own digital assets before the end of 2022.
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JPMorgan chairman and CEO Jamie Dimon predicts a major recession on par with the Great Recession of 2008.
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JPMorgan Chase’s Ron Karpovich says there is “more partnership instead of competition” between the financial establishment and crypto disruptors.
5840 - Hodler’s Digest
Facebook is getting serious about crypto, Samsung’s new smartphone will support more cryptos, and more in this Hodler’s Digest.
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JPMorgan Chase CEO Jamie Dimon has stated that the company’s new crypto JPM Coin could find its use for retail payments.
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