The crypto token doesn't need to be bitcoin.
Some financial institutions are interested in blockchain because they regard it as an interesting bookkeeping system and transfer mechanism. That doesn't mean they want bitcoin. If they want a cryptocurrency, they'll create their own.
But I doubt they're interested in the microtransactions of the masses. They're more likely interested in how blockchain can help transfer securities in the capital markets. For example, the value of stocks and bonds traded per business day is about $1 trillion. Compared to that, the total value of bitcoin is just a statistical rounding error. Bitcoin is trivial for the big financial institutions.
Topic: Jamie Dimon is investor in bitcoin (Read 1467 times)
Some people keep confusing bitcoin with blockchain. They are not the same thing. Blockchain is a technology and bitcoin is just one product of that technology. Jamie Dimon and some banks are excited about blockchain but have no faith in bitcoin.
Cars are a technology that has succeeded. But there are hundreds of car brands and car manufacturers that have failed so badly that they don't exist anymore. Likewise, the blockchain technology can succeed, even if bitcoin fails.
Cars are a technology that has succeeded. But there are hundreds of car brands and car manufacturers that have failed so badly that they don't exist anymore. Likewise, the blockchain technology can succeed, even if bitcoin fails.
Last time I heard about Jamie Dimon he was saying that Bitcoin is useless invention and it won't survive long.
Here is his famous claim: https://www.youtube.com/watch?v=hb3AWedkdwo
He said: 'bitcoin is gonna go nowhere, there is nothing behind bitcoin, bitcoin is worthless'.
And now you are telling me that he is investing in BTC? Yeah, right.
All the banks laughed at Bitcoin and now they hold huge conferences and hire experts for a lot of money to see how they can use Bitcoin aka Blockchain technology. So don't go doubting it Here is his famous claim: https://www.youtube.com/watch?v=hb3AWedkdwo
He said: 'bitcoin is gonna go nowhere, there is nothing behind bitcoin, bitcoin is worthless'.
And now you are telling me that he is investing in BTC? Yeah, right.
Last time I heard about Jamie Dimon he was saying that Bitcoin is useless invention and it won't survive long.
Here is his famous claim: https://www.youtube.com/watch?v=hb3AWedkdwo
He said: 'bitcoin is gonna go nowhere, there is nothing behind bitcoin, bitcoin is worthless'.
And now you are telling me that he is investing in BTC? Yeah, right.
Here is his famous claim: https://www.youtube.com/watch?v=hb3AWedkdwo
He said: 'bitcoin is gonna go nowhere, there is nothing behind bitcoin, bitcoin is worthless'.
And now you are telling me that he is investing in BTC? Yeah, right.
Jamie Dimon is one of the few bankers who have become billionaires because he's a very smart guy. His bank had subprime mortgages but by the time the financial crisis hit he had gotten rid of most of those. His bank then profited from the crisis by buying assets at distressed prices.
That article with his views on bitcoin is very good. Just because he thinks highly of blockchain doesn't mean he endorses bitcoin. He very clearly thinks bitcoin will fail.
That article with his views on bitcoin is very good. Just because he thinks highly of blockchain doesn't mean he endorses bitcoin. He very clearly thinks bitcoin will fail.
I think if Jamie Dimon invested it would be quite a long shot. probably also it would be strategic with a loan term goal in mind.
http://fortune.com/video/2015/11/04/jamie-dimon-youre-wasting-your-time-with-bitcoin/
I would think not, since he clearly thinks it's a waste of time.
And every other article I've read about him mentioning Bitcoin has been an overly critical or even negative one.
I would think not, since he clearly thinks it's a waste of time.
And every other article I've read about him mentioning Bitcoin has been an overly critical or even negative one.
He's also a capitalist and probably wouldn't think twice about dropping 10 or 20 grand on something he considers a flyer bet that could make him a lot of money some day. #fomo
More likely he is investing in blockchain tech and start up.
Definitely.
More likely he is investing in blockchain tech and start up.
Where did you get the information from about him being an investor?
He said bitcoin was "a terrible store of value" that
quote always stuck with me when the moron said it.
He also said bitcoin will "try and eat our lunch"
He thinks governments will crack down and ban it
why in the world would he invest in it.
quote always stuck with me when the moron said it.
He also said bitcoin will "try and eat our lunch"
He thinks governments will crack down and ban it
why in the world would he invest in it.
http://fortune.com/video/2015/11/04/jamie-dimon-youre-wasting-your-time-with-bitcoin/
I would think not, since he clearly thinks it's a waste of time.
And every other article I've read about him mentioning Bitcoin has been an overly critical or even negative one.
I would think not, since he clearly thinks it's a waste of time.
And every other article I've read about him mentioning Bitcoin has been an overly critical or even negative one.
Well, considering Bitcoin is the first real threat to the global oppression enjoyed by his employers for the last 200+ years, I think he is probably going to continue to say negative things about it. My guess is he will continue to say positive things about buying treasuries and advise against buying gold as well... If his masters are letting him buy BTC, it will only be to help architect a run on Bitcoin exchanges to make it appear that Bitcoin is not any more stable than the assets peddled by central banks around the world during the next market crash.
As I don't like the idea behind his words, I think he might be telling us the truth. Bitcoin is quite insignificant economic force right now, but in the future when it will grow might be.
There will be no currency that will go around government control, as I believe that government regulation, serious regulation of bitcoin itself, not satellite services of BTC alone - will happen.
There will be no currency that will go around government control, as I believe that government regulation, serious regulation of bitcoin itself, not satellite services of BTC alone - will happen.
http://fortune.com/video/2015/11/04/jamie-dimon-youre-wasting-your-time-with-bitcoin/
I would think not, since he clearly thinks it's a waste of time.
And every other article I've read about him mentioning Bitcoin has been an overly critical or even negative one.
I would think not, since he clearly thinks it's a waste of time.
And every other article I've read about him mentioning Bitcoin has been an overly critical or even negative one.
It's possible that he did invest in it, I wouldn't be surprised if that's the case.
He probably doesn't wanna miss out on some good profits.
He probably doesn't wanna miss out on some good profits.
Jamie Dimon already made investment into Bitcoin??
What do u guys think?
What do u guys think?
Hehe maybe he owns a few bitcoins himself.
But I don't think he is really heavily invested in it.
And in the public media he always shows that he hates Bitcoin with a passion.
But this hasn't to mean anything as we know bankers do everything for a profit.
there is no source in your post, because the last time i've checkced he was thinking this http://www.coindesk.com/jamie-dimon-bitcoin-will-not-survive/
so it sounds unreasonable that he is investing anything in bitcoin
so it sounds unreasonable that he is investing anything in bitcoin
Even if he is a little bit interested in it, I don't think he would go public about it since he made it public saying that bitcoin won't survive in his eyes.
Or maybe he's using reversed psychology, who knows.
there is no source in your post, because the last time i've checkced he was thinking this http://www.coindesk.com/jamie-dimon-bitcoin-will-not-survive/
so it sounds unreasonable that he is investing anything in bitcoin
so it sounds unreasonable that he is investing anything in bitcoin
I don't think he will be an investor in bitcoin. It will be very strange for a top banker say there is no future in bitcoin, but invest personally.
Jamie Dimon already made investment into Bitcoin??
What do u guys think?
What do u guys think?
If true, it is the most exemplar example that the banks don't and will not hate bitcoin. At least the smart ones. Bitcoin is a money like all the other currencies and today or after ten years will have (normally and hoping) this status. This make it as the "everyday bread" for every bank. In other words like all the other currencies which justify and hold in life all the commercial banks. Bitcoin will be used by these to have profit. Like they do with all the other money. And probably will be not only bitcoin. But even other cryptocoins created (maybe) from Central Banks of various countries or other cryptos created by others but that may will have big impact and value in the market. In all kind or markets.
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