Categories: Bitcoin

We’re ‘Looking into’ Cryptocurrencies: JPMorgan Co-President


Join our group of 10 000 merchants on JPMorgan CEO Jamie Dimon has been one in every of bitcoin’s most outspoken critics. | Source: Flickr/Fortune Global Forum

Pinto, together with fellow co-president Gordon Smith, is seen as a possible successor to longtime JPMorgan CEO Jamie Dimon, although the 62-year-old govt has not but introduced plans to retire.

Dimon, as CLC has reported, has lengthy been one in every of bitcoin’s most vociferous critics, although he has been noticeably quiet on the matter in current months following a veritable bitcoin-bashing world tour by which he denigrated the flagship cryptocurrency in interviews carried out on a minimum of three completely different continents.

“I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you’re stupid enough to buy it, you’ll pay the price for it one day,” he stated in a single set of notably memorable remarks. It can “trade at $100,000,” however it’ll ultimately crash to zero. “Governments are going to crush it.”

Featured Image from Shutterstock

Follow us on Telegram.
Advertisement

Disqus Comments Loading...
Share

Recent Posts

Bitcoin Has Outperformed Apple & other Tech Stocks Since Last January

In January of last year, the U.S. stock market went through one of the largest bull markets in recent history,…

16 mins ago

Blockchain is a ‘Systemic Risk’ for Financial Industry: DTCC Exec.

The Depository Trust & Clearing Corporation or DTCC issues a report every year on the stability of the global financial…

2 hours ago

If You Mine Ethereum, You’re a Target for Crypto Hackers

Hackers have devised a new way to steal your cryptocurrencies. This time, they are running a massive scanning campaign to…

3 hours ago

Bitcoin Tax Confusion Has Accountants Turning to Specialized Software

Every time you convert Bitcoin to anything, be it goods or services, other cryptocurrencies, or even tax payments, it might…

5 hours ago

No, the Price of Bitcoin Didn’t Drop Because of Bomb Threats

On Friday, as the Bitcoin price fell by around six percent against the U.S. dollar, several reports claimed that the…

7 hours ago

Alleged Reporter Says Republicans Won The Market

A person claiming to be the designated reporter for an Augur predictions market which asked the question “Which party will…

8 hours ago

This website uses cookies.