Jamie Dimon, CEO of JPMorgan, calls Bitcoin exaggerated fraud-expects Satoshi Nakamoto to increase the BTC delivery upper limit-featured
Jamie Dimon, CEO of JPMorgan, calls Bitcoin exaggerated fraud-expects Satoshi Nakamoto to increase the BTC delivery upper limit-featured
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 of Bitcoin reaches 21 million coins.
CEO from JPMorgan via Bitcoin and its delivery limit
The CEO of the global investment bank JPmorgan Chase, Jamie Dimon, confirmed his skepticism to Bitcoin in an interview with CNBC on Thursday. The board of JPmorgan claimed:
Bitcoin itself is a highly played fraud. It's a pet rock.
Dimon commented on the collapse of the cryptocurrency exchange FTX: "I'm not surprised at all. I call it a decentralized snowball system. The hype about this thing was extraordinary."
also dimon confirmed his doubts bitcoin to indicate that the pseudonymous creator of bitcoin, Satoshi Nakamoto that could abolish the offer limit of cryptocurrency. He said:
How do you know that it will stop at 21 million? Perhaps it will appear 21 million and Satoshi's picture and everyone will laugh ... and until then Satoshi would have withdrawn billions of dollars.
While he is optimistic about blockchain technology, the JPMorgan boss emphasized: "Crypto does nothing. It is a pet rock." Then he told the news agency: "I don't care about Bitcoin, so we should drop this topic."
This was not the first time that dimon asked the limited offer from Bitcoin. In October 2021 he said in a similar way: "How do you know that it ends at 21 million? You all read the algorithms? Do you all believe that? I don't know, I was always skeptical." Last December he compared crypto tokens with pet rocks . In addition, during a congress hearing in September, he said that cryptocurrencies such as Bitcoin " decentralized snowball systems . "
Many Bitcoin supporters mocked dimon on social media because of his incomprehension. A tweeted : "Dimon has just said on CNBC that Satoshi can increase the Bitcoin upper limit. I am sure that most people agree. Other said that it is sad that Jamie Dimon does not understand that you can see the source code to know that at 21,000,000 Image of Satoshi appears. " A third wrote :
Jamie Dimon either has no idea what Bitcoin is, or he knows exactly what it is, mocked and, out of pure fear, it can be the ultimate disorder for the core business of legacy banking with excessive and outrageous fees.
What do you think about Jamie Dimon's view of Bitcoin and his expectation that Satoshi's picture appears at 21 million coins? Let us know in the comment area below.
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