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Despite ongoing challenges, cryptocurrency market, enthusiasts of digital assets believe that the future of this sector is bright. Recently, the value of Bitcoin is Revival Following a difficult start to 2023, prices have risen significantly in the past few weeks.
But not everyone shares the same positive outlook, including JPMorgan Chase CEO Jamie Dimon. In his recent World Economic Forum (WEF) interview with CNBC, he said, Bitcoin and the crypto industry.
“I think it’s all a waste of time. I don’t know why you guys gasp at it,” Dimon said in a WEF bystander interview. “Bitcoin itself is a hyped scam. It’s a pet rock.”
This is not the first time Dimon has publicly expressed his skepticism about the cryptocurrency industry. In fact, he has been vocal about his views on digital assets since first calling Bitcoin a “scam” in 2017.
After the collapse of what was once the second largest cryptocurrency exchange, FTXlast year he claimed that the entire crypto industry is a “total sideshow.”
In response to Jamie Dimon’s negative statements about Bitcoin, some have offered counterarguments to his claims, including CNBC anchor Joe Curnen, who disputed Dimon’s claims during an interview.
Curnen argued that Bitcoin acts as a “store of value” and is “immutable” and “scarce.” Cryptocurrency This limits the number of coins to 21 million.
Dimon quipped in response. [bitcoin’s mysterious founder] A picture of Satoshi will appear and everyone will laugh. ”
Despite these objections, Dimon may not believe in the potential of cryptocurrencies, but it’s worth noting that he recognizes the value of the blockchain technology on which cryptocurrencies are built. .
In the same interview he said: A technology ledger that is likely to become deployable. ”
In fact, JP Morgan has been investing in blockchain technology since 2017, when it participated in creating an open-source blockchain initiative called the Enterprise Ethereum Alliance.
The company also uses its own cryptocurrency, JPM coin, to execute intraday repurchase agreements.However, Dimon said the financial industry blockchain technology For 12 years, in his opinion, “very little has been done” when it comes to implementation.
Many in the crypto community took to Twitter to criticize Dimon’s views after the interview, including popular crypto figure and podcaster Peter McCormack, who wrote in a Twitter post: He writes: Forget JP Morgan paid $2.6 billion for its role in the Madoff scam, the largest Ponzi scheme in history.Bernie Madoff was able to launder billions of dollars through PMorgan.
Others teased Dimon’s lack of understanding of open source code, pointing out that it’s very easy to see that bitcoin can’t do shady scenarios, such as over 21 million coins being created. Did.
“How do you know it ends up with 21M?” – Jamie, I see it’s in the code. To do.