Jamie Dimon, JPMorgan CEO, says he has “no interest” in cryptocurrency

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August 7, 2018 by
Jamie Dimon, JPMorgan CEO, says he has “no interest” in cryptocurrency

Jamie Dimon, the CEO of JPMorgan Chase has actually described cryptocurrency as “scam” sharing his disinterest in it. According to a Fifth August report by Bloomberg, Dimon on the previous day went to 25th Yearly Summertime Event Gala arranged by Aspen Institute. In this occasion, he made crucial talk about cryptocurrency, generally and Bitcoin [BTC], specifically.

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The media has been quick enough to spread out the remarks and also Nouriel Roubini, a prominent American economist revealed his views online which aligned with Dimon’s. In the first stage of the year, Roubini has additionally revealed his crucial viewpoints on the top most electronic money in the crypto room. However, Bloomberg’s report has also suggested that Dimon has mentioned that, “governments may relocate to close down the currencies [cryptocurrency], due to a failure to regulate them.”

Dimon’s previous talk about cryptocurrency

Formerly, in September in 2015 he has termed Bitcoin a “fraud.” Later on Dimon stated that he “regretted” for describing the online currency in such a suitable manner. However, resolving the reporters he commented in October, 2017, “I wouldn’t put this high on the classification of essential things worldwide. However I’m not mosting likely to speak about bitcoin any longer.”

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Thinking about the previous experiences, in the July August edition of Harvard Company Evaluation, Dimon denied to talk about electronic currencies. He has tactfully handled the question on cryptocurrency specifying, “I probably should not claim any more concerning cryptocurrency.”

Nonetheless, in his sight, blockchain modern technology is “real” and also JPMorgan “will utilize it for a whole lot of things.” Perspectives on cryptocurrencies have constantly differed with JPMorgan agents. In May, 2018 the co-president of the bank commented that digital currencies, “are genuine yet not in the present kind.”

A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Cryptoheed.

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