Bitcoin Is Still Not Jamie Dimon’s Thing
Jamie Dimon, CEO of JPMorgan, is still not convinced of Bitcoin. He said in a recent speech/presentation at the New York Times’ Dealbook Online Summit that Bitcoin is still not his “cup of tea,” adding that he doesn’t want the media or anyone else to get up in a fuss over this.
In the video posted on Twitter, it isn’t exactly clear what prompted his comment on the cryptocurrency. Though, Andrew Ross Sorkin, who runs Dealbook, does cover Bitcoin and cryptocurrency on CNBC once in a while.
Dimon elaborated to Sorkin that what he is interested in is “structured AML and KYC,” presumably referencing how the cryptocurrency doesn’t have any of that natively built in.
The Wall Street CEO added that while he isn’t interested in Bitcoin, he is interested in blockchain as a way to enable better consumer experiences, such as cheaper transactions.
Another prominent skeptic of Bitcoin is Ray Dalio, a billionaire hedge fund manager. Dalio co-manages Bridgewater Associates, the world’s largest hedge fund. The investor is often seen on a similar level to Warren Buffett. Dalio recently stated on Bitcoin:
Of note, Dimon has staffers working for him that are bullish on the leading cryptocurrency.
BTC Has Wall Street Supporters
While Dimon and Dalio may be skeptical of Bitcoin, the cryptocurrency is gaining traction on Wall Street.
Paul Tudor Jones, a billionaire investor, wrote in May on Bitcoin:
Other billionaire investors are starting to buy the cryptocurrency as they see it as a hedge against the ongoing macroeconomic trends affecting investors.
Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Macro Analysis Predicts Bitcoin Has Begun Rally Toward $100k
Originally from Bitcoinist.com https://ift.tt/3lMS1VB
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