JPM Blockchain Lead: "¯\_(ツ)_/¯"
Former JPM Director of Global Macro: "Jamie, you're a great boss and the GOAT bank CEO. You're not a trader or tech entrepreneur. Please, STFU about trading $BTC."
Got these sources from Fortune's Term Sheet:
In bitcoin’s case, Dimon said he’s skeptical authorities will
allow a currency to exist without state oversight, especially
if something goes wrong.
Jamie Dimon doesn't have much credibility. JPMorgan hasn't exactly been altruistic under his rein.
BTW, I'm guessing he pronounces his surname as "Diamon(d)", not "Demon", though I suppose both are rather suitable names for an investment banker.
there were plenty of voices warning of RE crash and market crash back in the 2000's ... some were years too early. for most its impossible to get the timing right.
I meant this specific headline regarding Dimon's recent comments.
that said there is utility in bitcoin mechanism. the value of the mechanism is the questionable part.