Bitcoin is regulated, whether you like it or not
Bitcoin is regulated, whether you like it or not
Jamie Dimon confirmed his negative attitude towards Bitcoin and said it was the "gold of the fool of the future". He also said that the entire cryptocurrency industry will inevitably be subject to a regulatory framework.
Bitcoin has no "inner value"
The Chief Executive Officer by JPMorgan Chase & Co. - Jamie Dimon - is definitely a cryptocurrency critic. During a recent Interview For HBO he called his reasons why he is against the investment class.
he scratched the hot topic on Chinas totales Prohibited about Bitcoin mining and trading. Dimon believes that this step has proven that BTC is illegal. Therefore, people should not consider it digital gold:
"I always believed that it was made illegal somewhere how China made it illegal, so I think it's a bit of stupid gold."
With this opinion of Gold and Bitcoin, Dimon is in contrast to numerous other prominent names that have supported the cryptocurrency due to their similarities with the yellow metal, but also because of some of their advantages.
some of them include Michael Saylor , Steve wozniak and
The CEO of JPMorgan also asked the US wachs to regulate Bitcoin, since he believes that the leading digital asset is mainly used in illegal activities: "Yes ... If people use it for tax evasion, sex trade and ransomware, it will regulate whether they like it or not. So it is not a moral statement. It is a factual statement." So Dimon has joined the list of people who claim that Bitcoin is mainly used for illegal transactions. However, this assumption is not exactly right, since numerous reports have claimed that cash is still the most frequently used payment method for malicious players. In addition, BTC's blockchain is transparent because all transactions are recorded on it. Despite the hostile attitude of her CEO compared to cryptocurrencies, the multinational investment bank JPMorgan Chase & Co. recently started to offer its customers digital asset services. At the end of July, Mary Callahan Erdoes - Director of Asset and Wealth Management of the Institution - notes that most users of Bank Bitcoin see as an investment class. You have also shown a growing demand for crypto -related options and the bank would work in this direction. "Many of our customers say: 'This is an investment class and I want to invest', and our job is to help you invest your money where you want to invest." Shortly afterwards America's largest bank activates its institutional customers access to six cryptocurrency funds. One of them-a new Bitcoin fund of the digital asset company Nydig-is only available for private bank customers. Selected image with the friendly approval of American bankers . jpmorgan jumped onto the crypto train
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