JPMorgan CEO Jamie Dimon reiterated his strong skepticism of BTC on April 18, calling BTC a “fraud” and a “Ponzi scheme,” despite JPMorgan’s participation in BlackRock’s spot BTC ETF.
JinseFinanceOne indicator shows that Bitcoin has become more popular than gold in investors' portfolios, as its price continues to reach new highs, according to a report released by JPMorgan Chase on Thursday.
JinseFinanceMark Yusko, CEO of Morgan Creek Capital, critiques spot Bitcoin ETFs, highlighting their importance for wider adoption but noting challenges for less tech-savvy investors. He sees decreased Bitcoin volatility as a natural progression, emphasizing its value. Yusko predicts Bitcoin's fair value, anticipating a six-digit price range in 2024. However, he adopts a cautious stance on the potential approval and long-term impact of a spot Ethereum ETF by the SEC, estimating approval chances to be less than 50%.
Xu LinWith JPMorgan as their authorized participant, the intermediary firm, the ETF can first be realized by converting Bitcoin into cash and vice versa.
JinseFinanceJPMorgan CEO Jamie Dimon strongly opposes cryptocurrencies due to concerns about criminal use, despite the bank's active engagement with blockchain. The regulatory debate continues, reflecting tension in the financial industry over cryptocurrency adoption.
Edmundwhile there are signs of recovery in DeFi and NFTs, JPMorgan analysts emphasize caution. The recent positive trends may be natural, and Ethereum's challenges persist. New players entering the space offer hope, but the fate of Ethereum's dominance depends on successful upgrades, which remain uncertain.
SanyaCoindesk previously reported that JPMorgan had ended its relationship with the Winklevoss twins-led crypto exchange.
CryptoSlate
Coinlive JPMorgan said the FTX collapse could speed up cryptocurrency regulations, resulting in the broader use of blockchain technology.
BeincryptoThe trademark was granted by USPTO on November 15.
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