Cryptos Would Only Have Value in ‘Dystopian’ Economy: JPMorgan
JPMorgan Chase has said that cryptocurrencies would only have value when confidence in traditional assets had been lost.
The investment banking giant says the blockchain hype cycle has moved past inflated expectations and into the realm of being commercially viable.
“We’re going to be talking about Libra three years from now," JPMorgan Chase CEO Jamie Dimon said Tuesday.
The JPMorgan Chase CEO said it's only a matter of time before the government moves to regulate bitcoin.
JPMorgan's CEO has suggested that consumers could eventually use its U.S. dollar-linked token.
The $156 in bitcoin being passed via the "Lighting Torch" is a bigger deal than trillions in JPM Coins would be, writes Michael J. Casey.
"Bitcoin is a fraud." Four small words ignited a maelstrom when JPMorgan CEO Jamie Dimon took the stage at a conference in September. The blockchain world was never quite the same again. In response, bitcoin became the talk of Wall Street, and in that dialogue a beast was unleashed that maybe ... just maybe ... took bitcoin out of obscurity, to its new peaks above $10,000.