Investment Bank CEO JPMorgan Chase Jame Daimon doubted the prospects of Bitcoin. In his opinion, the largest cryptocurrency for the market value, there is no future, reports CNBC.
“I personally think that Bitcoin does not cost anything,” Daimon said. “Our customers are adults.” They disagree. This is how the markets work. Therefore, if they want to buy bitcoins, we cannot prevent it, but We can provide them with legal, maximum transparent access. “
In February 2019, Jpmorgan stated that he would release a digital currency called JPM Coin, and in October 2020 the Bank created a new unit for blockchain projects. However, Dyon himself adheres to conservative views on cryptocurrency.
“I always believed that somewhere she would be declared illegal, for example, China made it illegal, so I think it’s gold fools,” said the head of JPMorgan Chase. In his opinion, regulatory authorities will definitely take the cryptocurrency market.
The US government really began to pay high attention to cryptocurrency. Chairman of the Securities and Exchange Commission, Gary General, takes a tough position regarding digital coins. He called this industry by the West West of the US Financial System, which “desperately needs the rules.” However, in September, the chairman of the Federal Reserve System, Jerome Powell, stated that he did not intend to follow China’s experience and prohibit Bitcoin in the United States.
October 11 Bitcoin rose in price to 57.59 thousand dollars and installed a record since the beginning of May. At the time of this writing, the most popular cryptocurrency is trading at the rate of 57.53 thousand dollars, according to COINEECKO cryptobiri.