JPMorgan compares Bitcoin to smoking cigarettes

JPMorgan compares Bitcoin to smoking cigarettes

Jamie Dimon, CEO of JPMorgan Chase, has made a controversial comparison between Bitcoin and smoking cigarettes.

Content
Advertisement

Jamie Dimon, CEO of JPMorgan Chase, has made a controversial comparison between Bitcoin and smoking cigarettes.

The influential banker has stated that he supports the right to buy Bitcoin, but would never personally invest in it.

During his speech at the Australian Financial Review business summit, Dimon expressed skepticism about the usefulness of cryptocurrency, associating it with illicit activities such as sex trafficking, fraud and terrorism.

Dimon’s persistent criticism of Bitcoin

Jamie Dimon, long known for his critical stance on Bitcoin, has once again advised potential investors to stay away from the cryptocurrency.

Related
‘Simply Absurd’ Bitcoin ETF Performance Excites Analysts

In a recent interview with CNBC, Dimon differentiated between blockchain technology and Bitcoin, praising the former for its efficiency and potential for real-world applications through tokenization. At the same time, he dismissed Bitcoin as a worthless asset and compared it to a “favorite stone.”

He underscored his belief that Bitcoin’s primary utility lies in facilitating illegal transactions, further fueling his argument against the cryptocurrency’s investment merit.

Industry reaction

Dimon’s comments in January and his call for a possible Bitcoin ban were met with negative reactions from prominent figures in the cryptocurrency industry. Leaders such as Grayscale CEO Michael Sonnenshein, Galaxy Digital’s Mike Novogratz, and Ripple CEO Brad Garlinghouse have countered Dimon’s views.

Despite the criticism, Dimon maintains that the risks associated with cryptocurrencies justify his cautious stance.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة