If you borrow money to buy Bitcoin, you are a fool -
If you borrow money to buy Bitcoin, you are a fool -
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Jamie Dimon, CEO of one of the largest financial institutions in the world, JPmorgan, has again informed the world about his attitude to Bitcoin and cryptocurrencies. Dimon explained that everyone who bored money to buy Bitcoin was a "fool" in his opinion. However, his personal opinion did not collide with the fact that JPmorgan now offers its customers access to six cryptocurrency funds and even its own digital ledger token for payments called JPM. Created Coin.
Jamie Dimon blows cryptocurrencies
Jamie Dimon, CEO of JPMorgan, blown up crypto and Bitcoin again. The JPMorgan manager argued about the true value of cryptocurrencies and its attitude to the world of cryptocurrencies in an interview with the Times of India last week. Dimon explained that the latest bull market was created in cryptocurrencies through a lot of liquidity in the system, which then leads to speculation. Dimon explained:
I'm not a Bitcoin buyer. I think if you borrow money to buy Bitcoin, you are a fool.
DIMON also admitted that there is a possibility that the cryptocurrency sector could increase its value in the next few years.
regulation and jpmorgan offers
DIMON was also asked how, in his opinion, regulations will affect cryptocurrencies in the future. Although he emphasized that Bitcoin was not his main interest, Dimon said that he believed that governments will regulate Bitcoin at some point. He explained:
It is regulated. Governments regulate pretty much everything. I don't know if it is an enrichment. I don't know if they are foreign exchange. I don't know if it is a currency. I don't know if it is the securities law. But you will do it.
The personal opinions of Dimon on the validity of the cryptocurrency and the upcoming regulation of the cryptocurrency market have not influenced the business steps of JPMorgan to cryptocurrency. In fact, the company is now more open to cryptocurrencies than two or three years ago. In August the company You would be accessed to his customers Main cryptocurrencies based investment funds (Grayscale’s Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust and Ethereum Classic Trust as well as Osprey Bitcoin Trust).
The company is also ahead of digital currencies. In October 2020, jpmorgan announced the creation of "JPM Coin", a network that would enable its customers Blockchain technology to make immediate payments.
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