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My Clients Care About Bitcoin, I Don’t: JPMorgan CEO Jamie Dimon

The trajectory that bitcoin has seen over the last decade has been nothing if not interesting. There was a time where it was popular among top financial executives to denounce bitcoin and declare it is a scam or fraud at any given opportunity. In the last year, however, more firms than ever before have been embracing bitcoin whether as an investment vehicle or as a form of payment. These have included Tesla, WeWork, PayPal, and of course, JPMorgan. However, a new interview with JPMorgan CEO Jamie Dimon shows that while the company has embraced bitcoin, he is not personally fond…

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JPMorgan Boss Jamie Dimon Says ‘I Don’t Care About Bitcoin’ but Clients Are Interested

JPMorgan CEO Jamie Dimon has reaffirmed his stance on bitcoin while acknowledging that his bank’s clients are interested in the cryptocurrency. “I don’t tell clients what to do,” he said while emphasizing that he does not care about bitcoin. Jamie Dimon Has No Interest in Bitcoin but His Clients Do Jamie Dimon talked about bitcoin during The Wall Street Journal CEO Council summit on Tuesday. Reaffirming his stance on the cryptocurrency, the JPMorgan boss elaborated: I am not a bitcoin supporter. I don’t really care about bitcoin … I have no interest in it. He noted that he expects his…

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From nay to yay: JPMorgan’s path to crypto could shake up finance

After bashing Bitcoin back in 2017, JPMorgan CEO Jamie Dimon seems to have softened his stance on crypto, and so has the firm itself. JPMorgan Chase’s constant love-hate relationship with cryptocurrency has been a fascinating one to observe over the years, especially since the digital asset sector started exploding at the start of 2021. To put things into perspective, between February and April, the total market capitalization of the space doubled from $1 trillion to $2 trillion. As a result of this meteoric ascent, the individual market cap of premier cryptocurrencies such as Ether (ETH) and Bitcoin (BTC) has gone…

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Jamie Dimon Believes BTC Regulation Is A Serious Emerging Issue

JPMorgan CEO Jamie Dimon believes BTC regulation will pose a serious emerging issue during a shareholder letter as we can see more in our latest bitcoin news today. Jamie Dimon believes BTC regulation is a serious issue but that legal and regulatory clarity is needed with cryptocurrencies, reiterating the threat of fintech. The legal and regulatory status of BTC and other crypto assets is something that has to be dealt with in an instant according to Dimon. He previously called BTC a “fraud” back in 2017 and made comments in the letter to the shareholders today:  “There are serious emerging…

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JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need to Be Dealt With Quickly’

JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt with – and rather quickly.” Jamie Dimon’s Letter to JPMorgan Shareholders Says Banks Need to Focus on the Future Jamie Dimon has written a comprehensive letter to shareholders about the company’s accomplished goals and future concerns. Dimon’s letter, of course, meets the needs of his…

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Top 5 Swiss Bank’s Profits up 34% After Bitcoin Integration

Julius Baer, one amongst the above-mentioned top-five Swiss bank, recorded its net profit upsurge by 34% in the first half-yearly of 2020 which accords with the bank’s introduction of a supervisory provision for digital assets like Bitcoin (BTC) in January, the same time span in which it initiated offering digital assets like Bitcoin to its clients. Julius Baer Group, manages $427 billion in assets, proclaimed on July 20 that its revenue amplified by $524 million in the last 2 quarters. The bank was mostly furthered from an escalation in trade revenues all over the U.S. and Europe. Overall surge in…

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