JPMorgan CEO Jamie Dimon stated he has a major skeptic of crypto tokens. Jamie Dimon advised lawmakers to “be prepared for the worst.” Jamie Dimon, the CEO of JPMorgan Chase & Co., stated in a congressional committee on Wednesday that, Cryptocurrencies are Ponzi schemes. Jamie Dimon has long been skeptical
Dimon predicted that oil prices might rise from $150 to $175 a barrel. The CEO was emphatic in his warning that “wars go bad.” During a financial conference hosted by Alliancebernstein Holdings on Wednesday, Jamie Dimon, CEO of JPMorgan & Chase, warned of an impending economic hurricane. Dimon exclaimed, “It’s
Bitcoin has been up 4.17% in the last 24 hours. JPMorgan Chase analysts now think that Bitcoin has “significant upside potential”. A 15 percent increase from the 18-month low it struck in the middle of May brought the price of Bitcoin (BTC) back to over $30,000 on May 30. The
Cryptocurrency has surpassed real estate in popularity, according to the bank. JPMorgan believes that $38,000 is a reasonable price for bitcoin. In JPMorgan’s opinion, bitcoin’s true worth is 28 percent greater than it is now valued. Also, it is a favored alternative asset class, according to the bank. Even though
The metaverse has been trending and is attracting industry giants from all sectors. JPMorgan Chase has created a lounge in Decentraland, the virtual world known as the metaverse, as the largest bank in the United States attempts to capitalize on what it believes is “limitless” potential. The bank’s Onyx lounge
JPMorgan, the world’s biggest investment bank, is now changing its tone on crypto. The bank that had been skeptical of cryptos is now embracing them. The bank has issued a statement in favour of staking crypto, specifically the upcoming ETH 2.0. Ther US based bank says that crypto staking makes
The Central Bank of Bahrain collaborates with JPMorgan and Bank ABC. To introduce a cross-border payment solution on digital currency immediately. The new partnership includes the company’s digital currency-based division Onyx. On May 11, 2021, the Central Bank of Bahrain announced officially that it collaborates with JPMorgan and Bank ABC,
