CEO of JPMorgan says that BTC is fraudulent, a Pet Rock Bank of America says that CBDCs are natural evolution - Bitcoin.com News Week in retrospect - The Weekly
CEO of JPMorgan says that BTC is fraudulent, a Pet Rock Bank of America says that CBDCs are natural evolution - Bitcoin.com News Week in retrospect - The Weekly
Jamie Dimon, CEO of JPMorgan, has confirmed his supposed skepticism to Bitcoin and recently referred to it as "hyped fraud" and "pet rock". For its part, the Bank of America has explained that it regarded digital central bank currencies (CBDCs) and stable coins as "natural development of today's money and payment systems". This and more for inflation and the next steps of the US Federal Reserve, right below.
Jamie Dimon, CEO from JPMorgan, calls Bitcoin "excessive fraud"-expects an increase from Satoshi nakamoto Bitcoin pension limit
Jamie Dimon, CEO of JPMorgan Chase, calls Bitcoin "a highly played fraud". The executive questioned the upper limit of the cryptocurrency and expected that a picture of the pseudonymous creator of Bitcoin, Satoshi Nakamoto, appeared and laughed at all when the offer from Bitcoin reaches 21 million coins.
The CEO of Morgan Stanley says that inflation has reached its peak and China had reached an important turning point
James Gorman, CEO of Morgan Stanley, says that two changes have been taking place lately that are "really important" for the economy. The executive explained that inflation had clearly reached its peak and that China had economically made a "big, big linchpin".
Bank of America: "Digital currencies appear inevitable"
The Bank of America says "digital currencies seem inevitable" and adds that digital central bank currencies (CBDCs) and stable coins are "a natural development of today's money and payment systems". The bank expects "favorite of the private sector to appear in all phases of CBDC implementation".
All eyes focused on the next FED session: Market development depends on decision
stocks, precious metals and cryptocurrencies were on the road in the last weeks of 2023, and all eyes are now directed towards the next meeting of the Federal Open Market Committee (FOMC). The governor of the US Federal Reserve, Christopher Waller, recently said that at the next FOMC meeting he advocated an increase in the key interest rate by a quarter. Analysts believe that the current market movements will depend on the result of the next Fed meeting.
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