in

JP Morgan takes a jab at BTC again

Direct Statementa by JP Morgan CEO.

Jamie Dimon, the CEO of the largest U.S. bank, took another jab at bitcoin bulls on Monday, alleging that the cryptocurrency may not be limited in quantity.
“I’ll just challenge the group to one other thing: how do you know it ends at 21 million? You all read the algorithms? You guys all believe that? I don’t know, I’ve always been a skeptic of stuff like that,” said the JPMorgan Chase (JPM) CEO at an Institute for International Finance event on Oct. 11.

What do we say about this ? How to convince this numbskull.

Source : https://finance.yahoo.com/news/jp-morgan-ceo-jamie-dimon-questions-21-million-bitcoin-cap-201117274.html



View Reddit by uselessadjectiveView Source

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

18 Comments

  1. Technically speaking we could all agree to change the algorithm and make more than 21 million… but there’s a sizable portion of bitcoin users who either don’t care enough to change or worship Satoshi and the white paper. Between those two groups, you might as well try to convince Christians to change Jesus’s name.

  2. Big banks are trying to own all BTC.
    That way, they control what is said can’t be controlled.

    And, they want to buy it as cheap as possible, and they know anything less than the ATH (65k) is cheap.

  3. he has a good point. perfectly fair. nobody knows for sure. if 2020 and 2021 taught the world anything, it’s that mass hysteria is the default, not the exception. bitcoin is banking on rational behavior. it’s rather optimistic. although the neat thing is that with bitcoin at least you know exactly how many there are. if the algo is changed, the price will adjust accordingly, or not. but you’ll have your opportunity to sell if you want. bitcoin is a choice. dollars are theft, war, and tyranny. and they are guaranteed to be printed into oblivion. prepare accordingly.

What do you think?

RippleX has released Sidechains on the XRP ledger! XRP Price Hits the $1 Mark!

Ripple Joins Digital Pound Foundation! How Will This Impact XRP Price ! – Coinpedia – Fintech & Cryptocurreny News Media

XRP Price Could Hit $10 in Q4! Insane Predictions Running Around The Market For XRP! - Coinpedia - Fintech & Cryptocurreny News Media

XRP Price Could Hit $10 in Q4! Insane Predictions Running Around The Market For XRP! – Coinpedia – Fintech & Cryptocurreny News Media