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One of the financial experts and CEO of a global leader in financial service, Jamie Dimon has been open in his lack of interest in the digital asset, bitcoin. Dimon who runs a jpmorgan investment banking company may have viewed Bitcoin as a threat given that it operates on a parallel platform.
Dimon who runs a JPMorgan investment banking company may have viewed Bitcoin as a threat given that it operates on a parallel platform. Dimon openly joined the digital asset, making disparaging statements on the subject, last year he called it "a fraud."
Jamie has previously said in an interview that he would not talk about bitcoin;
“I wouldn’t put this high in the category of important things in the world, but I’m not going to talk about bitcoin anymore.”
In a New Conversation, Jamie talked about Bitcoin and gave his insights on the Cryptocurrency as well as the blockchain.
While speaking at the axios conference in LA, Dimon was asked why his opinion on Bitcoin has changed. He denied having changed his mind and maintained that he was not concerned about Bitcoin. His statement was categorical;
“I never changed what I said, I just regret having said it. I didn't mean to speak on behalf of Bitcoin. I don't really care, that's what this is about, all right? I didn't mean to speak on behalf of Bitcoin.
The bitcoin critic had boasted that JPMorgan performs more transaction than bitcoin. Blockchain is real, that's technology.
Dimon has been negative about bitcoin calling it different names, like ‘stupid,’ ‘fraud,’ and also a strong supporter of “blockchain not bitcoin,” brigade.
He said Bitcoin moves $2 million to $3 million a day, but JP Morgan moves $6 trillion a day.
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He claimed that bitcoin is moving $2 million or $3 million a day, but jp morgan is moving $6 trillion a day. Yes.”
They also accepted in a published report that the digital asset has come to stay and is unlikely to have a negative effect in the financial industry.
Yes, I agree. they also agreed in a published report that digital assets have remained and are not likely to negatively impact the financial sector.
