o3n [ozone] blockchain layer

Blockchain source

Menu
  • Cybersecurity services
Menu

Despite Previous Criticism, JPMorgan CEO Jamie Dimon Doesn’t Celebrate Bitcoin’s Decline

Posted on January 24, 2019 by nbelov

Jamie Dimon claimed that he did not intend to become a spokesperson against Bitcoin, and was not glad about its collapse in 2018.

JPMorgan CEO Jamie Dimon has reiterated his negative stance on Bitcoin (BTC), stressing that he does not really care about the cryptocurrency. Dimon spoke on the subject in an interview with CNBC’s Squawk Box on Jan. 23.

When asked if he was pleased with Bitcoin’s collapse in 2018, Dimon stated that he was not, noting that multiple media outlets have over-reported his sceptical comments. The CEO argued that he had not intended to become the spokesperson against the biggest cryptocurrency.

During the interview, when asked if Bitcoin is better than marijuana stocks, Dimon noted “that it is, but we’re not banking pot either.” In February 2018, JPMorgan had banned the purchase of cryptocurrency with their credit cards.

In the recent interview, the JPMorgan CEO also repeated his support for the idea of the underlying technology behind Bitcoin: blockchain. While expressing his pro-blockchain position, Dimon noted that considers it to be a real technology and called it an up-to-date database that everyone can access and trust.

Dimon had previously been reported as bullish on distributed ledger technology (DLT), which he claimed JPMorgan would use for various cases in 2018.

However, the CEO still noted that blockchain industry disruptors have been talking about their products for many years, but that no one appears to have done something effectively yet.

After announcing a blockchain-enabled system for global payments in 2017, JPMorgan Chase filed a patent for a peer-to-peer payment network based on blockchain in May 2018.

In October 2018, a research group released a study claiming that blockchain is a key technology for the bank’s development roadmap to become a major digital bank.

Source: Cointelegraph https://cointelegraph.com/

Recent Posts

  • Self-custody is key during extreme market conditions: Here's what experts say July 1, 2022
  • Blockchain in Education Market Expected to Witness a Sustainable Growth Over 2029 | Sony Global Education, odem.ioÂ, Open Source University – Designer Women – Designer Women July 1, 2022
  • Ripple: Government of Colombia Set to Utilize XRPL Blockchain for Land Registry – U.Today July 1, 2022
  • Blockchain Identity Management Market 2022-2028: Featuring Key Players Amazon Web Services Inc., Microsoft, IBM & Others – ResearchAndMarkets.com – Business Wire July 1, 2022
  • Deutsche Bank analysts see Bitcoin recovering to $28K by December July 1, 2022
  • $23.3 Billion Global Web 3.0 Blockchain Market Growth with GAGR of 41.6% 2022-2028 | The Benefits such as Improved Privacy & Secure Network Driving the Market – GlobeNewswire July 1, 2022
  • Blockchain Bites: A$DC used in Carbon Credit purchase; Three Arrows to be liquidated in BVI; Laying the first blocks of US crypto regulatory reform; Hong Kong to licence VASPs and regulate market conduct – Lexology July 1, 2022
  • Minima's cooperative Blockchain network reaches 120000 complete nodes – IBS Intelligence July 1, 2022
  • 'Global Economy Can Be Fixed By Digital Transformation And Blockchain Technology' – Entrepreneur July 1, 2022
  • Global Blockchain Technology in Healthcare Market Report 2022-2027: Rising Application of Blockchain in Healthcare Claims and Billing Driving Growth – ResearchAndMarkets.com – Business Wire July 1, 2022
  • Laura K. Inamedinova on Maximizing Press for Blockchain Projects – Crypto Mode July 1, 2022
  • Coinbase denies reports of selling customer data to the US government July 1, 2022
  • Not giving up: VanEck refiles with SEC for spot Bitcoin ETF July 1, 2022
  • Bitcoin price: June close barely beats 2017 high as Coinbase Premium flips positive July 1, 2022
  • Key Takeaways | Crypto, Smart Contracts and Blockchain—Execution and Innovation – Lexology July 1, 2022
  • MakerDAO members shoot down proposal for more centralization July 1, 2022
  • OwlTing enlists Dow Jones database to enhance blockchain transaction security – DIGITIMES July 1, 2022
  • Multisigs mean funds in bridges are 'one small slipup' from being hacked July 1, 2022
  • Hundreds of Bored Ape owners sign up to hire out their NFTs to brands July 1, 2022
  • Better days ahead with crypto deleveraging coming to an end: JPMorgan July 1, 2022
  • Ethereum fork a success as Sepolia testnet gears up to trial the Merge July 1, 2022
  • Worst quarter in 11 years as Bitcoin price and activity plunges July 1, 2022
  • Societe Generale – FORGE selects METACO to manage blockchain asset capabilities – CryptoNinjas July 1, 2022
  • BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion July 1, 2022
  • EU agrees on MiCA regulation to crack down on crypto and stablecoins July 1, 2022
  • Kalima – A new way to collect, protect and monetize data using Blockchain for IoT – CryptoNinjas July 1, 2022
  • FTX Abandoned Discussions to Celsius Network Acquisition – Report – Blockchain.News July 1, 2022
  • Xinghuo BIF and Zetrix Jointly Introduce Web3 Services: Blockchain Identity/Verifiable Credentials and Contract Signing – GlobeNewswire July 1, 2022
  • Rewards4Earth plans to roll out crypto rewards to 1000 sports clubs in Australia July 1, 2022
  • Klever goes live with Mainnet of its native blockchain – FinanceFeeds July 1, 2022

Ad

Ad

©2022 o3n [ozone] blockchain layer | WordPress Theme by Superbthemes.com