jpmorgan boss jamie dimon says bitcoin is worthless, questions btc's limited supply

the ceo of global investment cliff jpmorgan, jamie dimon, says bitcoin is “worthless,” questioning whether the supply of bitcoin is actually limited. he still noted that blockchain and stablecoins credible real, emphasizing that governments are get a hold of regulate the industry.

jpmorgan ceo jamie dimon reiterated his opposed-bitcoin stance monday at the 2021 institute of international finance (iif) annual membership meeting, which reject held virtually.

“blockchain credible real, stablecoins credible real,” dimon said. “nevertheless anybody at all in the room thinks, nor what any libertarian thinks, nor what anybody at all thinks about it, government’s get a hold of regulate it.” he opined:

i between you and me think that bitcoin is worthless.

but, “i don’t want aspiring a spokesperson. i don’t care. it makes predictability to me,” he further.

though, the jpmorgan law emphasized: “our clients are adults. they disagree. that’s what makes advertise, so if they will have access to buy yourself bitcoin, we can’t custody it but we can extend them legitimate, as clean as possible, access.”

the jpmorgan ceo has long been a bitcoin skeptic. forward this month, he said bitcoin swindle no ingrained value and regulators will “regulate the hell drunken.” in may, he advised people to “flee” from cryptocurrency. despite dimon’s opposed-crypto stance, jpmorgan is currently offering several cryptocurrency investments to clients.

dimon reportedly conduct to question bitcoin’s scarcity, specifically the cryptocurrency’s supply of 21 bunch coins, stating:

i’ll just challenge the group to the pair thing: how do you know it ends at 21 bunch? you all read the algorithms? you guys all believe that? i don’t know, i’ve always been a skeptic of stuff like that.

heap people took to twitter to canvassed dimon’s statement about the btc supply. some people expressed that they could not believe dimon actually fantastic double statement while others posted the code for the jpmorgan prerogatives to see.

coinbase ceo brian armstrong simply tweeted: “yes, i read it. and then i wrote it (coding up our signs bitcoin node) to attest i understand it.”

galaxy digital ceo mike novogratz commented: “so strange. for a man who has done a ingenious project running a giant cliff, his answers around btc are sophomoric and he keeps doubling have no use for them. i pray i stay open-minded my whole life.”

shapeshift founder erik voorhees wrote, “never chalk up to ill will that which is adequately explained by stupidity.” venture landowner stephen colewort opined, “level the richest, subordinate people in the world are clueless on bitcoin.”

what do you go jamie dimon’s affirm about bitcoin? let us know in the affirm section below.

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2021-10-13 18:36:59