On Jamie Dimon's Retraction Of His Claim That Bitcoin Is A Fraud
Saturday, March 21, 2020
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Title : On Jamie Dimon's Retraction Of His Claim That Bitcoin Is A Fraud
link : On Jamie Dimon's Retraction Of His Claim That Bitcoin Is A Fraud
In September, J.P. Morgan Chase Chairman too CEO Jamie Dimon called bitcoin a fraud. "I regret making" that comment, he said Tuesday on Fox Business.
"The blockchain is real," Dimon added inwards the interview. "You tin cause got cryptodollars inwards yen too materials similar that. ICOs ... yous got to await at every i individually. The bitcoin was ever to me what the governments are going to experience nigh bitcoin when it gets actually big. And I only cause got a dissimilar persuasion than other people."
Since his comment, I cause got been flooded past times bitcoin fanboys alongside emails pointing out what he said.
The fact of the affair is that Dimon is moving closer inwards describe alongside my perspective on bitcoin.
I cause got never called it a fraud or a Ponzi scheme. Though, it does seem to cause got elements of a catch too dump scam.
That said, I cause got consistently pointed to 4 pillars that could displace problems for bitcoins or the bitcoin price:
Dimon immediately appears to recognize work 2. "government interference" when he says:
-RW
You are now reading the article On Jamie Dimon's Retraction Of His Claim That Bitcoin Is A Fraud with the link address https://inspirationsbymeforyou.blogspot.com/2020/03/on-jamie-dimons-retraction-of-his-claim.html
Title : On Jamie Dimon's Retraction Of His Claim That Bitcoin Is A Fraud
link : On Jamie Dimon's Retraction Of His Claim That Bitcoin Is A Fraud
On Jamie Dimon's Retraction Of His Claim That Bitcoin Is A Fraud
In September, J.P. Morgan Chase Chairman too CEO Jamie Dimon called bitcoin a fraud. "I regret making" that comment, he said Tuesday on Fox Business.
"The blockchain is real," Dimon added inwards the interview. "You tin cause got cryptodollars inwards yen too materials similar that. ICOs ... yous got to await at every i individually. The bitcoin was ever to me what the governments are going to experience nigh bitcoin when it gets actually big. And I only cause got a dissimilar persuasion than other people."
Since his comment, I cause got been flooded past times bitcoin fanboys alongside emails pointing out what he said.
The fact of the affair is that Dimon is moving closer inwards describe alongside my perspective on bitcoin.
I cause got never called it a fraud or a Ponzi scheme. Though, it does seem to cause got elements of a catch too dump scam.
That said, I cause got consistently pointed to 4 pillars that could displace problems for bitcoins or the bitcoin price:
1. Transaction processing difficultiesI believe nosotros cause got perchance hitting bitcoin exhaustion, if it doesn't interruption inwards a higher house its former high of $20,000 plus, soon, the game is over.
2. Government interference
3. H5N1 recession
4. Simply a natural exhaustion of buyers
Dimon immediately appears to recognize work 2. "government interference" when he says:
The bitcoin was ever to me what the governments are going to experience nigh bitcoin when it gets actually big.If bitcoin does ever get-go to choke a serious method of exchange, authorities is going to closed it down. This is non complicated. Dimon is right here. No mumbo jumbo nigh platforms on transcend of bitcoin is going to alter my view on this. At the authorities stage, it is non nigh the technology. It is nigh authorities going to Macy's, Marriott hotels etc. telling all vendors inwards the province non to cause got bitcoin. They are non going to opportunity their businesses to play the bitcoin political party game.
-RW
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You are now reading the article On Jamie Dimon's Retraction Of His Claim That Bitcoin Is A Fraud with the link address https://inspirationsbymeforyou.blogspot.com/2020/03/on-jamie-dimons-retraction-of-his-claim.html