JPMorgan is back in criticism again

over 2 years ago

Bitcoin's incredible performance has shut the mouths of many skeptics who, at least for the past few years, have had to admit that there are some advantages to investing in it.

Jamie Dimon, CEO of JPMorgan Chase, is not in this group, as he has persevered to stress his anti-Bitcoin stance and that he sees it as worthless.

Famous entrepreneur Jamie Dimon has once once more validated his view on Bitcoin, stressing that Bitcoin lacks any intrinsic value, and it is no longer encouraged to take it as a serious investment.

JPMorgan CEO hates bitcoin in contrast to customers:
Damon admitted that his opinion used to be no longer the most popular, stating:

Personally, I suppose Bitcoin is worthless.

However our customers are adults and do now not agree with me.

This is what makes markets

The CEO of JPMorgan knows how to separate sentiment from commercial enterprise and emphasized that he now has no trouble offering investment preferences to his bitcoin-hungry clients given their robust activity in exposure to cryptocurrency, commenting:

If they choose get entry to to purchase bitcoin, we can't preserve it, but we can provide them get right of entry to as respectable and smooth as possible.

This little open-ended statement about bitcoin is indeed a large shift in Jimmy Dimon's attitude.

In 2017, the CEO of JPMorgan Chase claimed that he did now not favor to change any
In general, as is regularly the case when some skeptics issue an anti-Bitcoin opinion, Bitcoin hawks factor out that the grasp of Bitcoin over time has surpassed the most pessimistic expectations.

The compilation published by the “99 Bitcoins” internet site suggests that no fewer than 431 high-level predictions have been made, confirming that Bitcoin is doomed, with the first being recorded on December 15, 2010, and the modern day on September 28, 2021.

But Bitcoin is currently solely a few thousand away from accomplishing a new high, proving (at least for now) that the Bitcoin pessimists have been wrong.

Michael Saylor, CEO of MicroStrategy, a software program enterprise that is heavily invested in bitcoin, was one of the humans who responded loudly on Twitter.