Bitcoin @ $4000 Jamie: Bitcoin is a fraud Bitcoin @ $5000 Jamie: I don’t want to talk about it anymore Bitcoin @ $8000 Jamie: No comment Bitcoin @ $10,000 Jamie: F#%k, I said, NO COMMENT Bitcoin @ $25,000 Jamie: STOP LAUGHING AT ME!
He’s right that large governments will almost certainly never accept bitcoin, especially the nation whose currency all the rest are tied to. A strong government will never accept a currency it can’t control and manipulate.
He is right?? This man has only been fined 1.8 million for manipulating the Silver markets. He makes his money off the swift system. The dollar has no backing. We are in collapse today!!! because of the dollar.and the central banks...stop bowing to sociopaths
The stages of Jamie Dimon's Bitcoin acceptance 1.denial --- " Bitcoin is a fraud" 2.anger ---- " could not care less about Bitcoin, now leave me alone!" 3.bargaining 4.depression 5.acceptance
Did Jaime Dimon just call every millionaire and billionaire "Stupid"? Does that include Bill Gates, Mark Cuban, Richard Branson and others? Is Jamie Dimond's ego so inflated that in his mind he is more intelligent than any other investor in the world? Think about it...
1:40 wait a minute, doesn't blockchain allow you to see every transaction made and between which addresses it was done? If so, blockchain actually makes it easier for the government to know where is the money going and owned by who. He presents it in a bad light when actually blockchain will help the government to know those things. Meanwhile, fiat is truly anonymous. This guy sus.
He also said "bitcoin is worthless" but fiat currency is equally worthless. Things are only worth what value people have chosen to put on it. You could have $1,000,000 and not be able to buy the last food on earth from someone who needs it to live on.
He doesn't understand it or he's lying by omission. Either way listening to these boomer CEO's will guarantee the masses stay poor and have their wealth decay by the inflation these fossils create to destroy buying power.
@@tejanpillay8245it’s backed by it’s military. The fact it is a sovereign nation with the power to defend itself, itd ideals, and ability to facilitate trade. Why do you think most funding goes into the military? The US is essentially a security company and a debt company in the most simplistic sense.
A new currency, like Bitcoin, is no different from a country becoming independent and creating its own currency. Dimon is showing himself as small-minded; he may be right that Bitcoin could crash, but that happens with many "real" currencies, and many have bounced back.
Rowan Gontier Bitcoin proponents need their own country, borders and military. Else Bitcoin WILL end up on the fraud side... that is to say it will not defend any claims that it can operate in competition or without influence or manipulation from government. Those things are fanciful and bitcoin will end up as fraud. Sad to say...
The US dollar is highly regulated, but much crime has been done in USD. I don't think regulated currencies stop criminals much, nor does unregulated currency spur them on.
If I'm a criminal selling drugs, and I want to launder that money to make it clean. I buy a nightclub. Isn't bitcoin like the nightclub rather than the currency
+Rowan Gontier 'The US dollar is highly regulated, but much crime has been done in USD.' I don't think you understand how financial market work. Financial crimes can be done using any currencies, it is independent in nature. Many crimes in other countries are done using USD, because people from the other part of the world also take USD. It is that financial market is highly regulated (if you think regulation is enough). Many crimes can be caught because given all the regulations, financial intermediaries have certain standards in conducting businesses so that when things go wrong, regulators can press accountability for these problems such as frauds on them. And that is why you see those cases on the news, because they are CAUGHT!
My first investment with Mrs Stella gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
This is why you shouldn't talk about things you don't understand. A year later he did a complete 180 and JPMorgan are in the game and practically advocating to their clients that they should be buying it. Also, while China can try and ban Bitcoin - they're currently drafting legislation to legalise the digital yuan and outlaw any competitors - It's not practically possible to actually prevent citizens from owning Bitcoin, to buy it, or to trade with it privately, something democratically run nations are fully aware of and know they can't do
He wants to own USD bitcoin than other currency and bitcoin can be our end.. Government has full access over it and banks can't do about it thats why he is sacred about it. Cause bitcoin is the end of dollar so its not good at all
All these rich people going on tv trashing it back then hoping to suppress the price so they can gobble them up for cheap. Today, 2 years later, we find out that's what they've pretty much been doing.
“I don’t understand the value of something that has no actual value.” Um, doesn’t that apply to the dollar as well? His currency is the one on which the world economy is based, when that changes his opinion will change.
Here are some facts on all crypto assets.. 1. Useless tokens that sit ontop of a blockchain with no real world value or value that's attached to the underlying asset. No shareholder rights, no voting rights and no rights on liquidation 2. All of the eth bnb mining fees are based on the individual investors swaping one useless token for another useless token (meme coins). These companies have no real turn over. These useless coin sales are the only thing keeping the lights on. 3. All defi dapps are based on leveraging/trading one useless token for another useless token, resulting in no real world improvements. 4. No cryptocurrency name/protocol is unique, I can fork my own chain from btc or rip the exact same code from github, develop my own blockchain exactly like btc, put a token ontop of and call it bitcoin. 5. Blockchain tech is not new and doesn't need a useless token to sit on top of it. Using ibm hyperledger which is open source and runs circles around all blockchains out there. 6. A vast majority claim to be decentralised but are far from that. Xrp ada included. 7. Skewed morals of Majority of the investors involved "crypto bros". They talk one min about "decentralised the world bro, help the small people" and at the same time knowingly and actively being involved in a ponzi scheme to rob novice small investors. Shaky foundations, never end well. Some one prove me wrong.
Wow. What a big statement from a guy, who represented a business that needed SO MANY tax dollars to refund/restart/recover, that had risky practices and did whatever they wanted to with no failure option. Is anyone really listening to this guy?
So entertaining. What a ‘total fuckjockey’. Bitcoin and digital currencies are now widely accepted by huge banks in the US, Germany and Switzerland. They are the quickly becoming the preferred ‘store of value’ for institutional investors. Buy Bitcoin.
Sounds like an elitist snob, unabashedly writing off a modern medium of exchange. Even he said that it's useful under conditions where central banks are reckless with their monetary policies (how's the US debt/money supply lately? Interest rates?).
ImperfectCitizen but there is one thing he says that is absolutely true - governments have to control their currency - bitcoin takes that power away - many governments have begun to restrict bitcoin - that’s the first step : China - South Korea - Russia - The IMF - not a nation The ECB - huge central bank - It’s clear that the major nations and global monetary powers are waking up to the threat bitcoin poses to their authority - dimon is an insider - he knows what the club is gonna do - he is defiantly enraged about bitcoin - I think that the stronger bitcoin gets - the more of a threat it becomes and the greater the incentive for all the above to destroy it becomes
he dos not need to know about tech - he just hires nerds who do know - his skills are instinctive - he has the instinct to make money - i would take his opinions seriously - he is on the inside and already knows what the government will do
ImperfectCitizen That's why he is worth a billion dollars and you aren't. If you knew anything about fundamentals of investing you wouldn't make that dumb delusional statement. Educate yourself before opening your shithole.
Formally smart daughter? What a punch in the gut. Poor daughter! I don’t care about Bitcoin, I am rich already!! Don’t give me new stuff to think about .! I don’t care I love mainstream! , Banks and taking peoples money in fees!
so he said he doesn't understand the value of something that has no value.... so he has no idea what fiat currency is? there's no value behind the USD except for what the FED dictates its value by telling us how much it is worth.
Keep listening to the rich people who want to maintain power and wealth with a fiat currency that is devalued with every billion the Federal Reserve prints
@Hakim Habib Sure did and I guess you didnt read...They are masters of manipulating media. Becasue bankers are known for their honesty. Digital currency group CEO worked for BOA and grey scale is a subsidiary of DCG.the CEO of Grayscale also worked for BOA. guess who owns the most BTC aside from Satoshi ? Greyscale.. Wanna check the board members of these groups and compare notes ? BOA has over 50 blockchain patents. Watch the left hand while the right hand does all the tricks and it looks like magic. If you believe what they say I have some great oceanfront property in Arizona to sell you for some BTC
Ha Ha... This guy, well his business, was fined $250 million from mortgage fraud. Then to pay it off they committed more mortgage fraud. So who's the real fraud Jaime????
Haha I actually like the bloke. BTC is a limited supply though. I don't doubt he is very intelligent but he does not possess an excessively technical mind. However most of what he says of course makes sense and has to be said. He adds colour to the crypto world! Always good to have entertaining characters in this crazy game we play.
@Barbara Stamm lol I was thinking the same thing. Literally nobody could explain why the price was justified for bitcoin which is essential in finance, no wonder it was a bunch who non-professional investors who bought
1:35 all these currencies are 50 billion dollars maybe a billion dollar trades a day.. actually $176,251,371,365 and only just bitcoin has a trading volume of $1,585,860,000 today.... I understand that compared to fiat this is nothing, but it's still very early and the fact that Jamie Dimon is so far off on the figures says a lot about him and his understanding of cryptocurrency. he keeps comparing this to tulip bulbs but tulip bulbs are so much different than bitcoin.. tulips can be recreated infinitely whereas bitcoins have a limit.. It's a stupid comparison because it is a totally different product and has a totally different means of valuing
The man was terribly wrong with his insights. It was $4000 at the time of this interview and now $90000. You have to love when he says "If you are stupid enough, you will pay the price one day". smh
Which means it saw the rise in bitcoin, became an investor, and is trying to inflate the price without making it seem obvious. Anytime an ib recommends something it’s because they own it and want to inflate the price or they profit from the transaction.
The CEO of JPM doesn't know how to use the term I couldn't care less, He's actually saying he cares with "I could care less" His annual salary 28m, mine 0.08m lovely planet.
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This ages like fine wine
Oh it’s aging just fine lol
@@yna2493 july 23rd 2021, and oh boy did it age well
@@SenceFX October 5, 2021… ages like Milk.
@@TomMcKee33 November 19,2021 keeping buying jp we see u.....
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Lol
He says he "could care less" which means that he does care a bit at least. Sneaky Jamie
Bitcoin @ $4000
Jamie: Bitcoin is a fraud
Bitcoin @ $5000
Jamie: I don’t want to talk about it anymore
Bitcoin @ $8000
Jamie: No comment
Bitcoin @ $10,000
Jamie: F#%k, I said, NO COMMENT
Bitcoin @ $25,000
Jamie: STOP LAUGHING AT ME!
Legendary.
His brother in law runs a hedge fund which bought BTC but want it to crash so that they can increase their holding at lower costs
Just so you guys know nothing gets aired on CNBC CNN etc on accident everything is planned and for a purpose. Jamie saying this is all on purpose.
It's almost 7000 in canada
Bitcoin @ $30,000
Jamie: I decided to retire from my position as CEO
He’s right that large governments will almost certainly never accept bitcoin, especially the nation whose currency all the rest are tied to. A strong government will never accept a currency it can’t control and manipulate.
Facts these only bitcoin people are living on fantasy island
He is right?? This man has only been fined 1.8 million for manipulating the Silver markets. He makes his money off the swift system. The dollar has no backing. We are in collapse today!!! because of the dollar.and the central banks...stop bowing to sociopaths
yep 😂 that's why stupid to ask him
Bitcoin Reserves
The stages of Jamie Dimon's Bitcoin acceptance
1.denial --- " Bitcoin is a fraud"
2.anger ---- " could not care less about Bitcoin, now leave me alone!"
3.bargaining
4.depression
5.acceptance
now he is at no 5 it seems
He's making his own crypto now
Carter MacKenzie what’s the name?
Amazing how Andreas predicted this! @ Stage 3.
th-cam.com/video/43Ucj6_Erb0/w-d-xo.html
Wow ... you predict future
Easy for him to say while he's sitting on a taxpayer funded bailout!
Exactly, there's a reason for that.
You failed at making or proving your point
JPM actually didn't need bailout money. They took some TARP funds in 2008/09 and repaid it in a couple years
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"my formally smart daughter" lmaooooo
I can't believe he said that. No class
Did not age well.
If she still owns those 2 BTC she can shove it up his face because it's now worth more than 100k lol
@@superharryboy thats pennies to Dimon
@@ahamed4152 how much it means for him doesn't matter
"Formerly smart daughter" XD That was so savage im dying
Jamie Dimon is a tulip bulb.
Did Jaime Dimon just call every millionaire and billionaire "Stupid"? Does that include Bill Gates, Mark Cuban, Richard Branson and others? Is Jamie Dimond's ego so inflated that in his mind he is more intelligent than any other investor in the world? Think about it...
even thats giving him credit hahaha
Can't wait till Cryptocurrencies crash and die long live the fiat currencies!
Bankster Tulip Mania in Stocks and Bonds :)
Agree dimon is a tulip lol
"The government likes to control its currency" Translation: We like to use the government to control our currency
USD is also technically just worth as much as the paper its printed on. Its just everyone in the US says it has value
The dollar is based on US debt. The US debt is 5 times higher than assets.
1:40 wait a minute, doesn't blockchain allow you to see every transaction made and between which addresses it was done? If so, blockchain actually makes it easier for the government to know where is the money going and owned by who. He presents it in a bad light when actually blockchain will help the government to know those things. Meanwhile, fiat is truly anonymous. This guy sus.
He also said "bitcoin is worthless" but fiat currency is equally worthless. Things are only worth what value people have chosen to put on it. You could have $1,000,000 and not be able to buy the last food on earth from someone who needs it to live on.
He doesn't understand it or he's lying by omission. Either way listening to these boomer CEO's will guarantee the masses stay poor and have their wealth decay by the inflation these fossils create to destroy buying power.
That's what the US govt. doesn't like about blockchain, it'll make corruption more difficult for them... They're thieving crooks, nothing less
He sounds like Ballmer in 2007 talking about the iPhone
Cryptocurrencies have value because their prime directive is to disrupt their currency. Which is why Mr JPMorgan CEO here speaks so harshly about it.
What is cryptocurrency backed by?
@@MrXin-zc9kg what is the dollar backed by?
@@tejanpillay8245seriously...
You all say that but the bottom line is you all think you can get rich the easy way which is impossible lol
@@tejanpillay8245it’s backed by it’s military. The fact it is a sovereign nation with the power to defend itself, itd ideals, and ability to facilitate trade. Why do you think most funding goes into the military? The US is essentially a security company and a debt company in the most simplistic sense.
A new currency, like Bitcoin, is no different from a country becoming independent and creating its own currency. Dimon is showing himself as small-minded; he may be right that Bitcoin could crash, but that happens with many "real" currencies, and many have bounced back.
Rowan Gontier Bitcoin proponents need their own country, borders and military. Else Bitcoin WILL end up on the fraud side... that is to say it will not defend any claims that it can operate in competition or without influence or manipulation from government. Those things are fanciful and bitcoin will end up as fraud. Sad to say...
The US dollar is highly regulated, but much crime has been done in USD. I don't think regulated currencies stop criminals much, nor does unregulated currency spur them on.
If I'm a criminal selling drugs, and I want to launder that money to make it clean. I buy a nightclub. Isn't bitcoin like the nightclub rather than the currency
Rowan Gontier Good point! And that new country is called Internet.
+Rowan Gontier 'The US dollar is highly regulated, but much crime has been done in USD.' I don't think you understand how financial market work. Financial crimes can be done using any currencies, it is independent in nature. Many crimes in other countries are done using USD, because people from the other part of the world also take USD.
It is that financial market is highly regulated (if you think regulation is enough). Many crimes can be caught because given all the regulations, financial intermediaries have certain standards in conducting businesses so that when things go wrong, regulators can press accountability for these problems such as frauds on them. And that is why you see those cases on the news, because they are CAUGHT!
those nervous laughs when he talks about 3rd world countries inflating their currency away are pure gold
Because we have done that so many times now
"I could care less..."
Yeah? How much less?
Mrs Stella Mark is legit and her method works like a magic I keep earning every single week with her new strategy
I think that she is the best broker I ever seen
Thanks for introducing me to Mrs Stella Mark
My first investment with Mrs Stella gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Mrs Stella has changed my financial status for the best. All thanks to my aunty who introduced her to me
She is the key to crypto
This is why you shouldn't talk about things you don't understand. A year later he did a complete 180 and JPMorgan are in the game and practically advocating to their clients that they should be buying it. Also, while China can try and ban Bitcoin - they're currently drafting legislation to legalise the digital yuan and outlaw any competitors - It's not practically possible to actually prevent citizens from owning Bitcoin, to buy it, or to trade with it privately, something democratically run nations are fully aware of and know they can't do
I want a decentralized store of value. Of course a bankster doesn’t care.
And Bitcoin couldnt care less about him.
Could not couldn’t
He wants to own USD bitcoin than other currency and bitcoin can be our end.. Government has full access over it and banks can't do about it thats why he is sacred about it. Cause bitcoin is the end of dollar so its not good at all
Tulips has always been a bad comparison to Bitcoin. Tulips have an infinite supply. Bitcoin has a finite supply of 21 million coins.
"The potential long-term upside for bitcoin is considerable" - JP Morgans Global Markets Strategy, 23 Oct 2020
Yup. Jaime spoke like a true JAGAZZ
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It´s called FUD. Say its good one day, and it sucks the day after.
Lol
All these rich people going on tv trashing it back then hoping to suppress the price so they can gobble them up for cheap. Today, 2 years later, we find out that's what they've pretty much been doing.
When he heard about bitcoin, he punched the wall so hard he broke his arm and hand
“My formerly smart daughter.”😂
“I don’t understand the value of something that has no actual value.” Um, doesn’t that apply to the dollar as well? His currency is the one on which the world economy is based, when that changes his opinion will change.
While JP MOrgan was buying BTC ETFs in Sweden. What a crook.
Of course he doesn't like Bitcoin - Bitcoin is REAL money!
He was and is right.
saying the gov will crush bitcoin is like saying they will crush the internet
Who’s laughing now huh?
“if you are a criminal”, funny guy.. lol
Fashion Confessions w/ Nika and Damon lmao don’t throw stones in a glass house
That’s one of the reasons we the people need Bitcoin
He's basically saying he doesn't like that he can't pay his govnt off to manipulate the value of his money, in terms of btc.
Here are some facts on all crypto assets..
1. Useless tokens that sit ontop of a blockchain with no real world value or value that's attached to the underlying asset. No shareholder rights, no voting rights and no rights on liquidation
2. All of the eth bnb mining fees are based on the individual investors swaping one useless token for another useless token (meme coins). These companies have no real turn over. These useless coin sales are the only thing keeping the lights on.
3. All defi dapps are based on leveraging/trading one useless token for another useless token, resulting in no real world improvements.
4. No cryptocurrency name/protocol is unique, I can fork my own chain from btc or rip the exact same code from github, develop my own blockchain exactly like btc, put a token ontop of and call it bitcoin.
5. Blockchain tech is not new and doesn't need a useless token to sit on top of it. Using ibm hyperledger which is open source and runs circles around all blockchains out there.
6. A vast majority claim to be decentralised but are far from that. Xrp ada included.
7. Skewed morals of Majority of the investors involved "crypto bros". They talk one min about "decentralised the world bro, help the small people" and at the same time knowingly and actively being involved in a ponzi scheme to rob novice small investors.
Shaky foundations, never end well.
Some one prove me wrong.
Check the charts now if you want to be proven wrong
Wow. What a big statement from a guy, who represented a business that needed SO MANY tax dollars to refund/restart/recover, that had risky practices and did whatever they wanted to with no failure option.
Is anyone really listening to this guy?
I find that people that say "I don't care" tend to care quite a lot.
He actually has good arguments
wow he called his own daughter dumb... loving guy.
It was a joke.,.......
He is in denial. Trying to downplay crypto. There is a paradigm shift taking place and its very difficult for banksters to accept it
Now today in 2021 he says he was wrong about bitcoin and now JPM is preparing to offer bitcoin! Wow smh 🤦🏾♂️
So entertaining. What a ‘total fuckjockey’. Bitcoin and digital currencies are now widely accepted by huge banks in the US, Germany and Switzerland. They are the quickly becoming the preferred ‘store of value’ for institutional investors. Buy Bitcoin.
Then why are you constantly talking about it if you don't care about it?
Sounds like an elitist snob, unabashedly writing off a modern medium of exchange.
Even he said that it's useful under conditions where central banks are reckless with their monetary policies (how's the US debt/money supply lately? Interest rates?).
exactly, Jamie's Cryin-Van Halen!
ImperfectCitizen but there is one thing he says that is absolutely true - governments have to control their currency - bitcoin takes that power away - many governments have begun to restrict bitcoin - that’s the first step :
China -
South Korea -
Russia -
The IMF - not a nation
The ECB - huge central bank -
It’s clear that the major nations and global monetary powers are waking up to the threat bitcoin poses to their authority - dimon is an insider - he knows what the club is gonna do - he is defiantly enraged about bitcoin -
I think that the stronger bitcoin gets - the more of a threat it becomes and the greater the incentive for all the above to destroy it becomes
I mean, he comes from a time where you use the telegraph. What would he know about modern tech
he dos not need to know about tech - he just hires nerds who do know - his skills are instinctive - he has the instinct to make money - i would take his opinions seriously - he is on the inside and already knows what the government will do
ImperfectCitizen That's why he is worth a billion dollars and you aren't.
If you knew anything about fundamentals of investing you wouldn't make that dumb delusional statement.
Educate yourself before opening your shithole.
I Could Care Less About Jamie Dimon
Since he’s made this statement the market cap for crypto went from 50 billion to about 400 billion
Hope you still have this account and check now! Lol
A few years later: "We now understand better how little we understand about inflation”, Jay Powell, US Federal Reserve Chairman
Two days ago JPMorgan announced investors should allocate 1% into Bitcoin. Lol. This is only the beginning.
since when did banks care about people
This is why I closed all my Chase accounts.
" my formerly smart daughter" HAHA
"If you're a criminal" Oh, Jamie Dimon is a criminal that doesn't like Bitcoin.
Another next bitcoin, waaaaaaaaaaaaaaaaaaw
THIS guy runs a bank? 😂 ask a random guy on the street and he tells the same nonsense.
The irony of this guy calling people criminals
His daughter is smarter than him tho
A old ass bank not liking unbanked currency??? SHOCKING
Formally smart daughter?
What a punch in the gut.
Poor daughter!
I don’t care about Bitcoin, I am rich already!! Don’t give me new stuff
to think about .! I don’t care
I love mainstream! , Banks and taking peoples money in fees!
Jus do the opposite of the mainstream Media and you’re more likely to make money
I don't understand this prehistoric dinosaur?
This video hasn't aged well
so he said he doesn't understand the value of something that has no value.... so he has no idea what fiat currency is? there's no value behind the USD except for what the FED dictates its value by telling us how much it is worth.
Tulips + blockchain = bitcoin = crash
Keep listening to the rich people who want to maintain power and wealth with a fiat currency that is devalued with every billion the Federal Reserve prints
Interesting
Yea Jamie you're pretty good at manipulating the media. BOA has been buying BTC. Formerly smart daughter now has $100K
@Hakim Habib Sure did and I guess you didnt read...They are masters of manipulating media. Becasue bankers are known for their honesty. Digital currency group CEO worked for BOA and grey scale is a subsidiary of DCG.the CEO of Grayscale also worked for BOA. guess who owns the most BTC aside from Satoshi ? Greyscale.. Wanna check the board members of these groups and compare notes ? BOA has over 50 blockchain patents. Watch the left hand while the right hand does all the tricks and it looks like magic. If you believe what they say I have some great oceanfront property in Arizona to sell you for some BTC
WHAT A FRAUD. AFTER YOU BUY 70MIL WORTH OF BITCOIN HAHAHA
JPMORGAN TO OFFER ACTIVELY MANAGED BITCOIN FUND - 26.Apr.2021.....say no more...
Ha Ha... This guy, well his business, was fined $250 million from mortgage fraud. Then to pay it off they committed more mortgage fraud. So who's the real fraud Jaime????
Haha I actually like the bloke. BTC is a limited supply though. I don't doubt he is very intelligent but he does not possess an excessively technical mind. However most of what he says of course makes sense and has to be said. He adds colour to the crypto world! Always good to have entertaining characters in this crazy game we play.
wow an actual smart and reasonable comment.
didnt JPMorgan buy a load of bitcoin?
Yeah, and caused the financial collapse of 2008.
When the bankster’s daughter buys bitcoin, listen closely.
We the people will decide what has value.
People who love bitcoin cause they own one
So JP Morgan is offering cryptos now to their clients !!! 😂😂😂 As they say don’t listen to what they say ! Watch what they do !!!
Best part of the speech “my formerly smart daughter” lolll
This guy is such a fool.
Why? he actually raises valid points. what arguments and facts do you bring to the table?
He seems disturbed. I would feel disturbed if i were him. Bitcoin will make him obsolete.
Let's see his tone change in a year about Bitcoin, that said I am sure he owns bags of BTC
@Barbara Stamm lol I was thinking the same thing. Literally nobody could explain why the price was justified for bitcoin which is essential in finance, no wonder it was a bunch who non-professional investors who bought
1:35 all these currencies are 50 billion dollars maybe a billion dollar trades a day.. actually $176,251,371,365 and only just bitcoin has a trading volume of $1,585,860,000 today.... I understand that compared to fiat this is nothing, but it's still very early and the fact that Jamie Dimon is so far off on the figures says a lot about him and his understanding of cryptocurrency. he keeps comparing this to tulip bulbs but tulip bulbs are so much different than bitcoin.. tulips can be recreated infinitely whereas bitcoins have a limit.. It's a stupid comparison because it is a totally different product and has a totally different means of valuing
Long live Jamie Dimon
Yes! I wish he had held off accepting bitcoin a little longer.
I'll be damned... Jamie was right.
He was ??
Money has no value
So can you explain why when he provoqued bitcoin fall, he bought bitcoins???
The reporter /presenter at the end: it’s all I’d care about
Who's here after JPM Coin announcement?
Man's just roasted his daughter in public because of Bitcoin, sheesh!
Bitcoin is created thru actual labor and computer power... how does he not see this?
Does this mean we're going to see another Bear trend in a few hours? If that happens I'll be really impressed by the power of this guy.
Wait a minute, he "COULD" care less? So he does care?
stupid american saying
dude. he is smart.
Yep. Smart enough to give YOU the wrong advice. $$$$$$
Thanks for your ideas..😗
The man was terribly wrong with his insights. It was $4000 at the time of this interview and now $90000. You have to love when he says "If you are stupid enough, you will pay the price one day". smh
Fast forward to 2021: JPMorgan says Investors could make bitcoin 1% of Portfolios
Which means it saw the rise in bitcoin, became an investor, and is trying to inflate the price without making it seem obvious. Anytime an ib recommends something it’s because they own it and want to inflate the price or they profit from the transaction.
The CEO of JPM doesn't know how to use the term I couldn't care less,
He's actually saying he cares with "I could care less"
His annual salary 28m, mine 0.08m
lovely planet.
do you think he is rich because he is master at English grammar or do you think there's another reason?
Americans way of saying it
This aged well.
dude keeps his ledger under his pillow
WHAT A SAUSAGE
Just to clarify, "I could care less", this insinuates he is caring? If he didn't care surely he would say "I couldn't care less?"
Haha Americans say it that way.. strange but Americans have strange ways!
Oh how things have changed!!!!!!!!!