JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Financial institution of America Says CBDCs Are ‘Pure Evolution’ — Bitcoin.com Information Week in Overview
January 29, 2023
JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, just lately calling it a “hyped-up fraud,” and a “pet rock.” For it’s half, Financial institution of America has stated that it views central financial institution digital currencies (CBDCs) and stablecoins as a “pure evolution of right this moment’s financial and fee programs.” This and extra on inflation and the U.S. Federal Reserve’s subsequent strikes, slightly below.
JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Enhance BTC Provide Cap
JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The chief questioned the cryptocurrency’s provide cap, anticipating an image of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and chortle at us all when bitcoin’s provide hits 21 million cash.
Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Main Pivot
Morgan Stanley CEO James Gorman says two adjustments have occurred just lately that “actually matter” to the economic system. The chief defined that inflation has clearly peaked and China has made a “main, main pivot” economically.
Financial institution of America: ‘Digital Currencies Seem Inevitable’
Financial institution of America says “digital currencies seem inevitable,” including that central financial institution digital currencies (CBDCs) and stablecoins are “a pure evolution of right this moment’s financial and fee programs.” The financial institution expects “non-public sector beneficiaries to emerge in all phases of CBDC implementation.”
All Eyes on the Subsequent Fed Assembly: Market Trajectories Hinge on Determination
Equities, valuable metals, and cryptocurrencies have been on a tear throughout the previous couple of weeks of 2023, and all eyes are actually targeted on the following Federal Open Market Committee (FOMC) assembly. Federal Reserve governor Christopher Waller just lately stated that he favors a quarter-point benchmark charge improve on the subsequent FOMC assembly. Analysts imagine that present market trajectories can be depending on the end result of the following Fed assembly.
What are your ideas on this week’s tales? Tell us within the feedback part under.
