Cathie Wood: JP Morgan Chase CEO’s “Bitcoin is a pet stone” description is completely contrary to the facts

Ark Invest founder Cathie Wood refuted JPMorgan CEO James Dimon's view of calling Bitcoin a "pet stone" on social media, saying it was completely contrary to the truth. She cited data from Ark Invest digital assets director Yassine Elmandjra, which shows The Bitcoin hash rate hit an all-time high of 500 exahashes/s this month. The network performs approximately 67 times more hashes per second than a grain of sand on Earth. In terms of raw operations per second, Bitcoin’s performance is higher than in the world. The most powerful supercomputers are about 500 times more powerful. Cathie Wood said that one of the reasons investors were excited about JPMorgan Chase’s acquisition of Bank One in 2004 was that Jamie Dimon was very tech-savvy. Tech-oriented investors admired him at the time, but now Coinbase CEO should be introduced to him.