To JP Morgan CEO Jamie Dimon at the House Financial Services Committee’s session on major banks today bitcoin and their views on Blockchain technology.
Dimon, Blockchain, smart contracts, Defi etc. He said he wasn’t skeptical when it came to it, that these were real things that he benefited from.
JPMorgan CEO “Bitcoin and Cryptocurrencies Are Nothing But Ponzione”
However, Dimon reacted to “crypto tokens” and cryptocurrencies, which he claimed were nothing more than decentralized pyramid schemes, and included Bitcoin in that group.
Dimon has criticized cryptocurrencies, noting the associated scams and hacks that have resulted in billions of dollars in losses for their holders.
Asked directly about stablecoins, Dimon said there is no problem with a properly regulated stablecoin. He added that it should be treated like a money market fund.
There are currently regulations in the works regarding stablecoin regulation that should be announced by the Committee in the coming weeks or months.
The heads of major US banks said on Wednesday. cryptocurrency He said they had no plans to finance their miners.
It has been difficult to raise capital for BTC miners this year as Bitcoin prices plummet and energy prices skyrocket. While miners have to be creative, various companies are trying to fill the void for miners.
For example, decentralized finance (DeFi) firm Maple Finance has launched a $300 million loan pool for mid-sized BTC miners in North America and Australia.
*Not investment advice.
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