Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 638. (Read 26468422 times)
March 13, 2024, 04:03:23 PM
March 13, 2024, 03:22:15 PM
Btw these rallies are they more exciting for last cycle newcomers
Or for the more OG multiple cycle hodlers?
For example I see some cheering from people buying 20-30-40-50k coins but the feeling for true OG’s is little more life changing somehow?
Also been through some aweful bears, still being here, believing, knowing what we have in hand and ultimately being strongly rewarded etc
Look for any og that holds serious coin this is huge.Or for the more OG multiple cycle hodlers?
For example I see some cheering from people buying 20-30-40-50k coins but the feeling for true OG’s is little more life changing somehow?
Also been through some aweful bears, still being here, believing, knowing what we have in hand and ultimately being strongly rewarded etc
A 2012 guy can easily have 100 coins
I agree that a guy with 100 coins may well be set for life.. just like he was in late 2022... even though the BTC price was ONLY around $20k at that time (sometimes less and sometimes more)
SO
2021 6.90 million
2022 1.59 million at this point in time many people would struggle about the decision to have held
2021 6.90 million
2022 1.59 million at this point in time many people would struggle about the decision to have held
Yep.. Exactly.. you were struggling to consider what to do with your coin at that time and even suggesting that the guy with 100 coins should have sold.. and bought Ibonds, but that would have been dumb, even though the guy probably could have continued to make monthly withdrawals of his coins at a rate of 10% per year starting from October 1, 2022 and still would have plenty of coins today.. (and have right around 86.4 BTC right now). Look at this calculation, and pay attention to the 200-WMA rather than the spot price.
2024 7.30 million at this point those that have held may shave off some of the 100 coins they held just in case we crash and burn. But maybe 5%
those are serious swings and I am pretty sure more than one person here on the wo has coin like that.
Myself due to a lack of belief from 2012 to 2017 I do not have coin like that.
This is nice uptick for me. It is not life changing.
those are serious swings and I am pretty sure more than one person here on the wo has coin like that.
Myself due to a lack of belief from 2012 to 2017 I do not have coin like that.
This is nice uptick for me. It is not life changing.
You are saying that you got your belief into bitcoin in 2018? so I can continue to harass you and say that if you had merely invested $200 per week into bitcoin starting from mid 2018, then you would have invested around $60.4k and gotten 4.8314 BTC. That wouldn't be bad.
GrayScale selling hopefully slowing down.
Only 560 BTC transferred today.
The sooner they run out of Bitcoin, the better. What an awful business model, surely they drastically lower their fee soon or within a couple of months they have no Bitcoin and no business.Only 560 BTC transferred today.
They don't really need to change what they are doing. Even though they lost 40% of their BTC, BTC has gone up more than 40%, so they still have the same quantity of assets under manangement.
Just over a month until the halving now.
New Poll?
What will the price be at the time of the halving?
New Poll?
What will the price be at the time of the halving?
I'll have to see the options.
I would suggest:
1) Sub $40k
2) $40k to $60k
3) $60,001 to $80k
4) $80,001 to $100k
5) $100,001 to $120k
6) $120,001 to $140k
7) more than $140k
In March 2020 we crashed to $5000... what a difference in only 4 years.
"Technically" we crashed to $3,850 on March 12/13, 2020.
March 13, 2024, 03:03:22 PM
March 13, 2024, 02:37:42 PM
Interesting prediction by kellrobinson from page 28734:
Interesting chart. The bit missing is the price seeking level related to the NEXT halving.
quadratic regression on the logarithmic scale indicates $76k
There'san app a chart for that ha ha
Interesting chart. The bit missing is the price seeking level related to the NEXT halving.
There's
Interesting chart. The bit missing is the price seeking level related to the NEXT halving.
Your wish is my command. March 13, 2024, 02:33:39 PM
I got a raise today.
3,33%
Needless to say I wasn't impressed.
Just keeping up with official inflation, or slightly above in euro zone.3,33%
Needless to say I wasn't impressed.
I have been on committees which negotiate salaries: their argument when inflation is 2-3% is always...see, inflation is low, no need to exceed it, but when the inflation is 8-10%, they reverse the argument and start whining that they don't have the budget to go above, say, 5%. A complete silence about inflation and what it does to employees in this case.
Even though in bitcoin, we might still measure some kind of a strict short-term increase in interest, but largely if we have been mostly building and holding our coins for 6-10 years, then as some point, we have so many doublings and compounding upon itself, so that even a few percentage increase in BTC prices, might even be months worth of our historical wages, and so at some point it no longer makes sense to continue working....
It seems that my BTC holdings had crossed over into such territories in early 2017, and if you think about it, in early 2017, we had merely had just gotten over $1,250 or so, and just a little over a year earlier we had been bouncing around $250 for so much time, so yeah going from $250 to $1,250 is a 5x, but we all know that the BTC price did not stop there, so even if we ended correcting back down into the $3ks after going to $19,666 in late 2017, the upper $3ks would have been 3x higher than the 5x that we had already experienced in early 2015, so largely we are already 15x up at that point, even at the bottom of the worst times in 2018 that did end having one more dip in early 2020... and even though we really did not know that $3ks were going to be the bottom for that period, at some point it came to be that we likely could rest assured that sub $3k would likely never be reached again, which was still 15x higher than the $250-ish BTC prices through much of 2015.
So, yeah if you did not stack your bitcoin until later, then you likely have higher numbers that you have to work from, and I still do not even like to use $250 as my number rather than using $1k as my number in order to attempt to be somewhat more conservatively realistic in regards to my own profits and various losses that I made along the way that likely end up taking out a few of my earliest doublings, since I am needing to start with $1k as my doubling number rather than starting with $250.
There surely are some guys (or there should be some guys) in these here parts that might be able to use sub $10k as their starting out number.. but they may well feel better to be a bit more conservative in their calculations, and so therefore they choose to use $10k as their costs per BTC, and so they still might be just amazed to have had ONLY been around 50% in profits in late 2022, but now they ar fining themselves to be more than 7x in profits... or at least have 7x their initial starting amount... so the value that they put in is compounding at seemingly stupendous rates.. and at some point it might start to make sense to just start to live off of their BTC.. and they might be able to figure out some kind of calculation for that.
I think that my latest formula is going to account for the fact that the BTC price is generally not even touching the 200-WMA, so it is likely that fuck you status in bitcoin could actually start around 25% lower than fuck you status within traditional (non-bitcoin) asset classes.. which also means that the withdrawal rate could be sustained at 6% to 10% rather than 4% in traditional asset classes. But guys still have to do the work of both calculating what their fuck you status might be and then making sure that they either get their bitcoin holdings up to 75% of their fuck you status.. or some combination of traditional formulas that combine with their bitcoin holdings in order to get them over the fuck you status threshold...
.. but from my point of view, we still should not be using BTC spot price to be making these kinds of calculations, even though if we shave off some BTC, we will be doing it at spot price, so it is not completely irrelevant in terms of various kinds of rakings that we might make if we conclude that it is in our interest to make some rakings rather than merely continuing to let our BTC holdings ride or continue to accumulate to our BTC holdings if we might be thinking that we don't have enough of dee cornz, yet.
Btw these rallies are they more exciting for last cycle newcomers
Or for the more OG multiple cycle hodlers?
For example I see some cheering from people buying 20-30-40-50k coins but the feeling for true OG’s is little more life changing somehow?
Also been through some aweful bears, still being here, believing, knowing what we have in hand and ultimately being strongly rewarded etc
Or for the more OG multiple cycle hodlers?
For example I see some cheering from people buying 20-30-40-50k coins but the feeling for true OG’s is little more life changing somehow?
Also been through some aweful bears, still being here, believing, knowing what we have in hand and ultimately being strongly rewarded etc
That is part of the funniness because even though the later comers are in multitides of profits, there does seem to be a difference in the exponential nature, and so we likely have difficulties considering anyone with costs in the $20ks to $30ks as OGs, but maybe if our costs are in the $10k or less then maybe that might be considered more likely to be OG... because there needs to be a kind of cushion, and so the lower that you go in the costs per BTC help, but then over the years you could stack way more BTC, so even if you costs are around $20k rather than under $10k, but if you have 5x more BTC, then you are likely way better off, even if you cost per corn is higher.
Otherwise, I agree with the idea of being able to relax and the relaxing is not necessarily ONLY about our costs per BTC, but also a bit of time in the market too.
Bitcoin ETFs are 58% of the way to flipping Gold ETFs for total assets.
$58.7b for $BTC
$98b for Gold
That's just after just 8 weeks...
At this rate, Bitcoin will flip Gold ETFs in a few month!
$58.7b for $BTC
$98b for Gold
That's just after just 8 weeks...
At this rate, Bitcoin will flip Gold ETFs in a few month!
"Technically" speaking that is 59.87% - so almost 60%. I get that answer by dividing = $58.77/$98.17.
March 13, 2024, 02:17:07 PM
In March 2020 we crashed to $5000... what a difference in only 4 years.
March 13, 2024, 02:01:18 PM
March 13, 2024, 02:00:28 PM
Jamie Dimon, the CEO of JPMorgan Chase and a known Bitcoin skeptic, remains unconvinced of the asset’s merits.
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Jamie Diamond is the FED, don't you know that yet?
Really thanks for the information comarade.. now I see the reason why he is dancing that tune been a wholesomely confused....🤣🤣🤣🤣🤣
Ah this is good enough to get a merit
Even BlackRock's CEO vindicated Bitcoin as a tool to protect oneself from governments 🙌
I don't actually know what they want but I am.happy statoshi no dey even respond to all this commentaries
March 13, 2024, 01:50:07 PM
More than 24 hours above 70K that's nice.
Observing 73000$ and 66666€.
Observing 73000$ and 66666€.
March 13, 2024, 01:28:34 PM
I was actually making my research and I came across this post it actually baffles me how bitcoin is taking over the atomsphere and it habitant this is happening in EL Salvador........................
PRESS RELEASE
New Report Reveals Media Sentiment on El Salvador's Bitcoin Adoption
Bitcoin Perception |
San Salvador, February 20th, 2024 – Media research firm Bitcoin Perception today announced the release of its first long-form research report, titled "Bitcoin as Legal Tender: El Salvador's Groundbreaking Decision and the Salvadorian Mainstream Media's Reaction."
The report, authored by Luis David Esparragoza and Fernando Nikolić, offers an unprecedented analysis of the local mainstream media's coverage of Bitcoin since El Salvador made history by adopting Bitcoin as legal tender in 2021.
This comprehensive study scrutinizes 1440 articles from five major local news outlets from January 1, 2021, to December 31, 2023, providing a nuanced understanding of the media's stance toward this groundbreaking financial move by President Nayib Bukele's government.
The analysis delves into the sentiment expressed by the Salvadorian media and discusses the broader implications of such coverage on public perception and understanding of Bitcoin within the country.
"El Salvador's adoption of Bitcoin has not only been a bold financial experiment but also a case study in how media coverage can shape public opinion on such a global scale," said Bitcoin Perception founder and one of the report's authors Fernando Nikolić.
Co-author Luis David Esparragoza added, "Our work seeks to identify the causes that shape the perception of Bitcoin in the media in El Salvador, and provide suggestions on how to improve journalistic coverage of Bitcoin, in aspects such as adoption, regulation and significance of its technology."
"Bitcoin as Legal Tender: El Salvador's Groundbreaking Decision and the Salvadorian Mainstream Media's Reaction" is now available and offers a unique lens through which to view the interaction between Bitcoin adoption and media influence.
It is an essential read for policymakers, journalists, and anyone interested in the evolving narrative of Bitcoin.
About Bitcoin Perception
Bitcoin Perception is a media research initiative focused on analyzing and understanding the public and media narratives surrounding Bitcoin. Through comprehensive studies and reports, Bitcoin Perception aims to contribute to a more informed and balanced discussion about Bitcoin's role in global finance and society................
I just stumbled this post and I came to observe that some government like El Salvador has actually believed in bitcoin to the extent of adopting BITCOIN as their legal tenders wow that actually amazing to know that some countries has been soich advance to understand that bitcoin is future digital currency that will never fail they have been accepting bitcoin as the legal tenders for over 6 years now ans still counting now imagine that kind of profit they have made so far.......
Let be wise to make a wise decision......
PRESS RELEASE
New Report Reveals Media Sentiment on El Salvador's Bitcoin Adoption
Bitcoin Perception |
San Salvador, February 20th, 2024 – Media research firm Bitcoin Perception today announced the release of its first long-form research report, titled "Bitcoin as Legal Tender: El Salvador's Groundbreaking Decision and the Salvadorian Mainstream Media's Reaction."
The report, authored by Luis David Esparragoza and Fernando Nikolić, offers an unprecedented analysis of the local mainstream media's coverage of Bitcoin since El Salvador made history by adopting Bitcoin as legal tender in 2021.
This comprehensive study scrutinizes 1440 articles from five major local news outlets from January 1, 2021, to December 31, 2023, providing a nuanced understanding of the media's stance toward this groundbreaking financial move by President Nayib Bukele's government.
The analysis delves into the sentiment expressed by the Salvadorian media and discusses the broader implications of such coverage on public perception and understanding of Bitcoin within the country.
"El Salvador's adoption of Bitcoin has not only been a bold financial experiment but also a case study in how media coverage can shape public opinion on such a global scale," said Bitcoin Perception founder and one of the report's authors Fernando Nikolić.
Co-author Luis David Esparragoza added, "Our work seeks to identify the causes that shape the perception of Bitcoin in the media in El Salvador, and provide suggestions on how to improve journalistic coverage of Bitcoin, in aspects such as adoption, regulation and significance of its technology."
"Bitcoin as Legal Tender: El Salvador's Groundbreaking Decision and the Salvadorian Mainstream Media's Reaction" is now available and offers a unique lens through which to view the interaction between Bitcoin adoption and media influence.
It is an essential read for policymakers, journalists, and anyone interested in the evolving narrative of Bitcoin.
About Bitcoin Perception
Bitcoin Perception is a media research initiative focused on analyzing and understanding the public and media narratives surrounding Bitcoin. Through comprehensive studies and reports, Bitcoin Perception aims to contribute to a more informed and balanced discussion about Bitcoin's role in global finance and society................
I just stumbled this post and I came to observe that some government like El Salvador has actually believed in bitcoin to the extent of adopting BITCOIN as their legal tenders wow that actually amazing to know that some countries has been soich advance to understand that bitcoin is future digital currency that will never fail they have been accepting bitcoin as the legal tenders for over 6 years now ans still counting now imagine that kind of profit they have made so far.......
Let be wise to make a wise decision......
March 13, 2024, 01:18:57 PM
Didn't Jamie Dimon say he would never mention Bitcoin ever again?
He has no choice because bitcoin is already taken all over the atmosphere till the extent that he can't even resist it any longer he can't just help himself from not to mention it at all......
March 13, 2024, 01:01:14 PM
March 13, 2024, 12:50:49 PM
Pro basketball player Darius Garland spotted wearing a Satoshi shirt before a game........
Bitcoin has already come to stay everybody is campaigning for bitcoin in various areas they could.... It is a thing of great joy to have some bitcoin in my wallet also to witness how bitcoin is changing people's lives unexpectedly in this recent years I never regret being part of this bitcoin forum because I have become more educated that all my friends want to ask me everything about bitcoin the pros and cons of this bitcoin every given day even THE GRAET DARIUS GARLAND IS SPOTTED WEARING STATOSHI
March 13, 2024, 12:49:17 PM
Didn't Jamie Dimon say he would never mention Bitcoin ever again?
March 13, 2024, 12:43:11 PM
Jamie Dimon, the CEO of JPMorgan Chase and a known Bitcoin skeptic, remains unconvinced of the asset’s merits.
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Jamie Diamond is the FED, don't you know that yet?
Really thanks for the information comarade.. now I see the reason why he is dancing that tune been a wholesomely confused....🤣🤣🤣🤣🤣
Ah this is good enough to get a merit
March 13, 2024, 12:41:49 PM
March 13, 2024, 12:30:08 PM
Jamie Dimon, the CEO of JPMorgan Chase and a known Bitcoin skeptic, remains unconvinced of the asset’s merits.
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Jamie Diamond is the FED, don't you know that yet?
Really thanks for the information comarade.. now I see the reason why he is dancing that tune been a wholesomely confused....🤣🤣🤣🤣🤣
Ah this is good enough to get a merit
March 13, 2024, 12:25:51 PM
Jamie Dimon, the CEO of JPMorgan Chase and a known Bitcoin skeptic, remains unconvinced of the asset’s merits.
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Jamie Diamond is the FED, don't you know that yet?
Really thanks for the information comarade.. now I see the reason why he is dancing that tune been a wholesomely confused....🤣🤣🤣🤣🤣
March 13, 2024, 12:13:49 PM
Jamie Dimon, the CEO of JPMorgan Chase and a known Bitcoin skeptic, remains unconvinced of the asset’s merits.
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Jamie Diamond is the FED, don't you know that yet?
March 13, 2024, 12:10:25 PM
Jamie Dimon, the CEO of JPMorgan Chase and a known Bitcoin skeptic, remains unconvinced of the asset’s merits.
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
Speaking at the Australian Financial Review business summit in Sydney via video link, Dimon expressed his reservations about the asset amidst broader discussions on topics ranging from upcoming elections to federal economic policies.
During the call, Dimon criticized Bitcoin, particularly focusing on its volatility and the potential for its use in illegal activities, including money laundering and fraud.
He suggested that the rapid increase in Bitcoin's value might indicate a speculative bubble, cautioning investors about the risks involved.
Despite his criticisms, Dimon stated that he would defend the right of individuals to purchase Bitcoin, likening it to personal choices such as smoking cigarettes.
"I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin." Said by Dimon......
~You see no matter how they want to criticise bitcoin thesame mouth will still defend I will only say that Dimon is totally confused right here ~
Bitcoin still remains the king and aways become the kings of all coins
https://www.btctimes.com/news/jpmorgan-chase-ceo-says-he-will-defend-peoples-right-to-buy-bitcoin
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