Jamie Dimon, JPMorgan CEO, says he has “no interest” in cryptocurrency

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August 7, 2018 by
Jamie Dimon, JPMorgan CEO, says he has “no interest” in cryptocurrency

Jamie Dimon, the CEO of JPMorgan Chase has described cryptocurrency as “rip-off” revealing his uninterest in it. Inning accordance with a Fifth August report by Bloomberg, Dimon on the previous day participated in 25th Annual Summer Event Gala arranged by Aspen Institute. In this occasion, he made vital talk about cryptocurrency, as a whole and also Bitcoin [BTC], particularly.

The media has been swift sufficient to spread out the comments as well as Nouriel Roubini, a famous American financial expert revealed his sights online which straightened with Dimon’s. In the preliminary stage of the year, Roubini has actually likewise expressed his important perspectives on the leading most digital currency in the crypto space. However, Bloomberg’s report has actually likewise recommended that Dimon has actually specified that, “governments may transfer to shut down the currencies [cryptocurrency], because of a lack of ability to regulate them.”

Dimon’s previous talk about cryptocurrency

Formerly, in September last year he has called Bitcoin a “fraudulence.” Later Dimon stated that he “regretted” for explaining the digital money in such a suitable fashion. Nevertheless, attending to the press reporters he commented in October, 2017, “I wouldn’t place this high up on the category of important points in the world. But I’m not going to discuss bitcoin anymore.”

Thinking about the previous experiences, in the July August edition of Harvard Business Review, Dimon refuted to discuss electronic currencies. He has respectfully handled the inquiry on cryptocurrency mentioning, “I most likely should not say any more about cryptocurrency.”

Nonetheless, in his view, blockchain innovation is “real” and also JPMorgan “will certainly use it for a lot of points.” Viewpoints on cryptocurrencies have always varied with JPMorgan agents. In May, 2018 the co-president of the financial institution commented that virtual money, “are genuine however not in the current kind.”

A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Ripplechatroom.

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