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BNB
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Bitcoin
Bitcoin (BTC)
$60,269.00 5.93349
Bitcoin price
Ethereum
Ethereum (ETH)
$3,282.11 1.40191
Ethereum price
BNB
BNB (BNB)
$407.68 3.33085
BNB price
Solana
Solana (SOL)
$111.66 3.54771
Solana price
XRP
XRP (XRP)
$0.5658620 -2.63386
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 3.74523
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 19.35714
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000057240 1.19542
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 3.80691
Bonk price
Bitcoin
Bitcoin (BTC)
$60,269.00 5.93349
Bitcoin price
Ethereum
Ethereum (ETH)
$3,282.11 1.40191
Ethereum price
BNB
BNB (BNB)
$407.68 3.33085
BNB price
Solana
Solana (SOL)
$111.66 3.54771
Solana price
XRP
XRP (XRP)
$0.5658620 -2.63386
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 3.74523
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 19.35714
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000057240 1.19542
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 3.80691
Bonk price
Bitcoin
Bitcoin (BTC)
$60,269.00 5.93349
Bitcoin price
Ethereum
Ethereum (ETH)
$3,282.11 1.40191
Ethereum price
BNB
BNB (BNB)
$407.68 3.33085
BNB price
Solana
Solana (SOL)
$111.66 3.54771
Solana price
XRP
XRP (XRP)
$0.5658620 -2.63386
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 3.74523
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 19.35714
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000057240 1.19542
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 3.80691
Bonk price

JPMorgan CEO criticizes BTC despite backing BlackRock Bitcoin ETF

jpmorgan-ceo-criticizes-btc-despite-backing-blackrock-bitcoin-etf
Edited by
News
JPMorgan CEO criticizes BTC despite backing BlackRock Bitcoin ETF

JPMorgan Chase CEO Jamie Dimon reiterated his longstanding skepticism about BTC despite his company’s role in the BlackRock Bitcoin ETF. 

Despite the cryptocurrency’s status as the most valuable in terms of market capitalization, Dimon remained unswayed, questioning its intrinsic worth. Under Dimon’s leadership, JPMorgan Chase has been identified as an authorized participant for BlackRock’s newly approved spot Bitcoin ETF, the iShares Bitcoin Trust


“The actual use cases are sex trafficking, tax avoidance, anti-money laundering, terrorism financing; it’s not just people buying and selling bitcoin. There’s no value if you’re buying and selling Bitcoin.”

– Jamie Dimon, CEO of JPMorgan Chase

This involvement is a notable contrast to Dimon’s personal views on cryptocurrency. His critical perspective on digital currencies is well-documented; he has previously expressed to lawmakers that, were he in a governmental position, he would seek to curtail the growth of cryptocurrencies. BlackRock’s recent amendment to its SEC filing for its spot bitcoin ETF proposal further cements this dichotomy.

The filing includes both Jane Street Capital and JPMorgan Securities LLC as authorized participants, emphasizing JPMorgan’s emerging role in the developing cryptocurrency ETF sector. The SEC’s approval of several ETF applications today highlights the growing integration of cryptocurrencies into traditional financial systems, a move JPMorgan appears poised to capitalize on despite Dimon’s personal reservations.

Dimon presents a complex scenario for JPMorgan’s approach to future Bitcoin and cryptocurrency developments. While the firm is strategically positioned to facilitate and benefit from the growth of Bitcoin ETFs, its CEO’s skepticism adds a sense of uncertainty about its long-term engagement in the crypto market.

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