Because it's is the code mate which is open source. You can read it. It is 21 million, that's it. FYI I am not supporting Bitcoin in any way. But I had to say something to this non sense.
It’s actually not in the code. It’s a social construct enforced by everyone who runs a node. To change it would require everyone who uses it to agree to create more and pay it to the miners. There is no incentive to do that.
@@EmpireBuilding so if everyone agrees to increase the limit to 31 Million, then the limit can be increased. That would require all miners to agree, which wont happen.
😂 I remember when he said, I’ll fire anyone of my employees who buys bitcoin, then over the weekend, JP Morgan was the single biggest buyer of bitcoin 😂. True predator and he runs the biggest bank… that’s scary!
Crypto-currency is a PONZI SCHEM, based on WHAT ????, why do they sell it for $$$$ ????’ Mining ENERGY what a JOKE, ENERGY = PIXELS, how hard to mine PIXELS
@@garytootall1884JPMorgan is a company that has no control of what their customers (big or small) do and that’s completely how it should be. That’s the role of government.
Didn't 46 state attorney general offices file fraud charges against his organization? I wonder if Chase was a net buyer of bitcoin in Europe while he was talking down its value.
You don’t understand. The CBDC (Central Bank Digital Currency) will be based off the Dollar. Since it is based off of it, you will be backed by the govt meaning you can go and cash in that coin for USD anytime. This insurance of liquidity is something that is missing from the greater scope of Crypto. Luckily Bitcoin has a ton of market participants but Dimon is right, once Satoshi reveals his identity, the coin is no longer decentralized and instead relies on that person. Crypto is so new we don’t know enough so these conservative bankers will not be so fond.
He is scared and is very ignorant …. “How do you know there is only 21 million” ? , it is in the code genius . “Bitcoin is not controlled by any single group or person. Instead, it is governed by multiple stakeholders - including developers, miners, and users. Developers write the code that makes Bitcoin run; miners validate transactions; and users put the software to work by trading, transacting, holding, and more.”
If I was the CEO of Walmart would I say Amazon and Dollar General are the future? If I work at Reebok would I say Nike is doing great by making renewable shoes? If I owned 5 guys burgers and fries would I run commercials about how salads are healthier than burgers???? Think people. Think !! Please 🙏
Currencies that function as a DERIVATIVE of value are okay 👌 …yet bitcoin is fraud 🙄 No mention here of artificially and centrally declaring interest rates or monetary policy and how this violates Article 1, Section 5 of the Bill of Rights 🤦♂️
@@tigerrx7 It is though... you just have to study more. You better hope Bitcoiners are right. otherwise you better learn to fire a gun or teach your kids to get ready to fight in a war you didn't instigate.
Regarding the latest take, yes, the maximum ammount can indeed be changed, but rellies on over 90% vote from all network participants, which is highly unlikely.
"How do you know it's going to stop at 21 million?" Best thing Jamie has said! Not a single person on the planet can answer that yet they all claim it will NEVER change.
@jlcarrasco Yeah I know. The 21 million is set in 5 lines of code. But that's the point, it's just code, it CAN be changed. Yeah it takes concensus, but what if someone figures out how to spoof consensus? The point is, everything Bitcoin claims is a promise that can't be made.
Yes, Jamie, and we should be using Bitcoin for trade, not as an asset. This assetization of corporations and overpaying shareholders while starving the employees is the problem!
“Our banking system is sound and resilient” reminds me of Nixon’s speech when we switched off the gold standard because other countries and people realized we were out of our gold reserves
The crazy part about this is that a lot of people would chose to side with this guy because if they don’t they’ll be consider a “conspiracy believer” without knowing that this guy had ties with both parties. They don’t care about the us we ain’t that special they want the whole world
"It gets to 21 million and Satoshi's picture comes up and laugh at you all!" is actually a good point. Satoshi knew that his original implementation of blockchain would have flaws. So he programmed in a hard limit, rather than linear infinite inflation. Hence, Bitcoin would eventually rely on transaction fees, rather than CPU usage. More advanced blockchains such as Dogecoin and Monero have linear inflation (which asymptotically goes to zero)
Jamie has said the same thing 3 times before he’s about to buy a lot of bitcoin… driving the price down first then buying….. illegal market manipulation
he said the US housing market was as sure a thing as anything, all the while commiting fraud on a scale never before seen, until eventually the world economy collapsed in 2008 partly because of him and his bank. So I can recall at least one time he has been massively wrong 🤔 Go ahead and believe a criminal who has been stealing the lifeforce of every US citizen and leading to most of the worlds problems, over a decentralized, open source, grass roots, ethically , economically and thermodynamically sound honest and immutable ledger of transactions
A technology he clearly doesn't understand. The code is open source and because it's distributed how is he proposing the code gets changed and distributed across the bitcoin network. Without 51% consensus, his fantasy can't become real.
@Dinky Dingus the guy who says it's scarce, forgot to mention that for scarcity to have value, the object/item needs to have utility beyond transferability. Why does physical cash (fiat) have value? Trust, and it's the only currency you can pay your American taxes in. Accepted everywhere you can buy things. Large bitcoin holders, whales, need you to believe it's a good "investment" because you are their exit liquidity. "Line Go Up" was a really well written documentary regarding the problems with crypto, wallets, and NFTs. Encourage anyone interested in buying crypto to watch it.
The comments saying it can’t exceed 21 million because “it’s in the code” are extraordinarily naive about how blockchain consensus works. Everything including past transactions can technically be changed.
He refused tbe bail out in 2008, accepting it only because the Treasury demanded it and wired back the $25bil the day after the mandatory holding period elapsed. Considering how JPM runs its business, not going to happen.
Bankers and IRS Agents are grinding their ass off and they earn their arrogancies because they are competent in their field... While you here, just...A stupid peasant
@@HAILtheGREAT1 he's getting a gift from the tax payers who will backstop all losses and his bank will get any upside to the trade, he is not doing a solid for anyone other then his own corporation. he is scum
It's 21 million hyper divisible units... So in a way it can become limitless in supply. It's only if trading in the coin was restricted to a minimum unit that you could then say its scarce.
Primary Offense: banking violation Violation Description: The Federal Reserve Board ordered JPMorgan Chase & Co. to pay a $61.9 million civil money penalty for unsafe and unsound practices related to the firm's practice of hiring individuals referred by foreign officials and other clients in order to obtain improper business advantages for the firm.
Fundamentally, it's a way to commodify the radiation of massive amounts of energy. It's not a pyramid scheme, it takes real work to produce a coin. It is not a good way to move a lot of money quickly. It is probably unethical, given the demands on the environment, and the dubious social utility of the commodity. There's much better things you could do with your money. Finance a house, scool, or road and you'll feel better about yourself.
JPMorgan weathered the 2008 financial crisis better than most. It was perhaps the healthiest of America's big banks but felt compelled to join others in taking billions of dollars in a government bailout-a plan meant to avoid singling out banks with truly dire problems.
Yet Morgan Stanley put 1 billion into BTC ETFs. Fidelity, Blackrock, Woods, and others all started their own BTC ETFs using Coinbase as their clearing house.
Meanwhile he is rolling out private blockchains and wallets for his customers 😂😂😂 I think JPMorgan CHASE is the FRAUD, here. Or should I say, criminal terrorist cartel supporters?
jamie dimon was besties with epstein for decades, how is he not being investigated? why is no one talking about this? all of wallstreet were aware of epstein's crimes yet they did nothing, that makes them complicit, disgusting
Violation Description: The Justice Department, along with federal and state partners, announced a $13 billion settlement with JPMorgan to resolve federal and state civil claims arising out of the packaging, marketing, sale and issuance of residential mortgage-backed securities by JPMorgan, Bear Stearns and Washington Mutual prior to Jan. 1, 2009. As part of the settlement, JPMorgan acknowledged it made serious misrepresentations to the public about numerous RMBS transactions. The resolution also required JPMorgan to provide much needed relief to underwater homeowners and potential homebuyers. The settlement did not absolve JPMorgan or its employees from facing any possible criminal charges.
Not commenting on Bitcoin in particular, but in general, something can remain a fraud or a scam for a long long time before people realize it. Like Madoff's Ponzi scheme, religion, or Tulip mania.
The difference is that bitcoin is public. You can audit the code yourself. You can fork the code & make your own coin, several people have, Dogecoin, litecoin, bitcoin cash, bitcoin sv, are all forks of bitcoin. Nobody is in control of bitcoin. It’s a public distributed ledger. If you understand an insect being trapped inside layers & layers of Amber, that’s blockchain
Sure, but the major tenant of bitcoin is that it is open source code. YOU can go read every line of it today and determine exactly what you think of it on your own. Jamie is pretending that in the last 13 years that he has known about it that no one explained that it is there to read and that it can't be changed unless 90% of the thousands of computers on the network ALL agree to make the changes. He's is straight up lying and profiting while he does.
@@InappropriateShorts it's not Jamie scamming, it's the fact that people who know better LET him just say things that just aren't true. He dances around them like he's Ali! Lol
@@Tonyous Fvck the lies he’s telling. He runs a bank that engages in fractional reserve banking. They’re creating money out of thin air bruv. Fractional reserve banking is a scam.
He’s saying that Black rock is investing in Blockchain? Black rock has one of the most successful ETFs of all time with their IBIT and as bitcoin grows their percentage of fees will yield them. Incredible returns overtime. He’s completely ignoring reality.
Even the fact that there is halfing in bitcoin mining makes it milion times better then all today's banks and their FIAT currency where they get to print and inflate as much as they want their own gain. Even if bitcoin won't stop at 21 milion. Halfing itself makes it much better option than what banks propose 😂
I was trading USDT with a friend but we fell out because of something. She gave me an OKX wallet code (pride)-(pole)-(obtain)-(together)-(second)-(when)-(future)-(mask)-(review)-(nature)-(potato)-(bulb) and asked me to withdraw the remaining USDT. What is this? How do I do this? Please tell me
@@chkee17 its hard written in the code. Anyone can verify this, as the code is open source. It is mathematically impossible to add more bitcoin to the system than the ones scheduled for release, unless a dishonest user of the network achieves majority hash power and decides to double spend. Ofcourse, this would never happen, because, seeing as bitcoin works on a proof of work consensus mechanism, miners need to expend real life capital in order to amass hash rate. Nowadays, in order for you to amass more than 50% of the networks hash rate, you would have to invest such a brutal amount of capital, that being dishonest would be financial suicide, seeing as a double spend would cause people to exit the network and all your invested capital in your hashrate would become worthless.
When he says technology ledger he is talking about Bitcoin and not about Blockchain. Other cryptos doesn't use ledger as Bitcoin but run in a Blockchain and use their own computation to make their own blocks in their Blockchains.
Exactly with this logic Gold is just a hyped up fraud. The only thing separating Gold and Bitcoin from Tulips is their scarcity and Bitcoin is way more scarce than Gold. Gold has a much larger history to back it and this dude is a dinosaur so of course he will chose the one with history instead of the new tech with volatility.
@@mgm553 Well please explain Goldman Sachs demise and how short sellers nearly destroyed investment and retail banking and some commercial banking institutions, if their evaluations and financials were not based on hype and fraud! You might add whatever happened to all of the S&L’s (including the failures of Fannie and Freddie Mae) as well. There has been a long history of fraud even prior to the Teapot Dome Scandal.
Because it's is the code mate which is open source. You can read it. It is 21 million, that's it. FYI I am not supporting Bitcoin in any way. But I had to say something to this non sense.
exactly hahahhhahhahha lmao
Demon don't know how to read code.
It’s actually not in the code. It’s a social construct enforced by everyone who runs a node. To change it would require everyone who uses it to agree to create more and pay it to the miners. There is no incentive to do that.
@@EmpireBuilding Good point.
@@EmpireBuilding so if everyone agrees to increase the limit to 31 Million, then the limit can be increased. That would require all miners to agree, which wont happen.
😂 I remember when he said, I’ll fire anyone of my employees who buys bitcoin, then over the weekend, JP Morgan was the single biggest buyer of bitcoin 😂. True predator and he runs the biggest bank… that’s scary!
Exactly its all games for you to sell all your bitcoins for cheap and he buys them all up.
Santoshi’s photo going to show up after 21 million bitcoins are minted? That is awesome! Makes me want to buy more…
Achievement unlocked lol
Crypto-currency is a PONZI SCHEM, based on WHAT ????, why do they sell it for $$$$ ????’
Mining ENERGY what a JOKE, ENERGY = PIXELS, how hard to mine PIXELS
the bank he runs has bitcoin funds for clients
That is the corporation's choice, that is not his personal preference. Understandable. Everyone are entitled to their own personal preference.
That is being 'customer obsessive'
Yes, he said my clients want it so I’m gonna give it to them against my judgment
@@garytootall1884JPMorgan is a company that has no control of what their customers (big or small) do and that’s completely how it should be. That’s the role of government.
@@GoodWillEverLastingFaithhe’s a slimeball
I’d love to see Satoshi’s picture.
Didn't 46 state attorney general offices file fraud charges against his organization? I wonder if Chase was a net buyer of bitcoin in Europe while he was talking down its value.
but according to Dimon the central bank digital currency isn't fraud. what a hypocrite.
You don’t understand. The CBDC (Central Bank Digital Currency) will be based off the Dollar. Since it is based off of it, you will be backed by the govt meaning you can go and cash in that coin for USD anytime. This insurance of liquidity is something that is missing from the greater scope of Crypto. Luckily Bitcoin has a ton of market participants but Dimon is right, once Satoshi reveals his identity, the coin is no longer decentralized and instead relies on that person. Crypto is so new we don’t know enough so these conservative bankers will not be so fond.
clown territory
The central bank digital currency will be connected to the US dollar.
Which is connected to Saudi oil and the US military bud
Hahah I found it funny tbh when he called it a pet rock 😂
He is scared and is very ignorant …. “How do you know there is only 21 million” ? , it is in the code genius .
“Bitcoin is not controlled by any single group or person. Instead, it is governed by multiple stakeholders - including developers, miners, and users. Developers write the code that makes Bitcoin run; miners validate transactions; and users put the software to work by trading, transacting, holding, and more.”
Aka Fed coin isn't a scam but decentralized coins are... Something a bank would say
And do not banks have a long history of fraud, bailouts, and unnecessary fees and charges?
Satoshi can’t control bitcoin
Dimon craps on bitcoin si he can scoop the dip.
If I was the CEO of Walmart would I say Amazon and Dollar General are the future? If I work at Reebok would I say Nike is doing great by making renewable shoes? If I owned 5 guys burgers and fries would I run commercials about how salads are healthier than burgers???? Think people. Think !! Please 🙏
It’s not as simple as you associate it. Close the door on your way out.
Currencies that function as a DERIVATIVE of value are okay 👌
…yet bitcoin is fraud 🙄
No mention here of artificially and centrally declaring interest rates or monetary policy and how this violates Article 1, Section 5 of the Bill of Rights 🤦♂️
@@tigerrx7 It is though... you just have to study more. You better hope Bitcoiners are right. otherwise you better learn to fire a gun or teach your kids to get ready to fight in a war you didn't instigate.
Deeeeeeep
PAW 🐾
Regarding the latest take, yes, the maximum ammount can indeed be changed, but rellies on over 90% vote from all network participants, which is highly unlikely.
90% if btc is prob. owned by the governments/whales. If they want to increase supply they can
In wich case it would stop being bitcoin, and become something else
And I love how he “explains” the ledger system to these guys. Priceless.
Blackrock is investing in bitcoin and Jamie tries to spin to say its about ledger technology.. sounds like a dam fool.
I guarantee he owns shares of Bitcoin
He owns a lot
Jamie is the only man at the Wall Street that can tell the truth👍👍👍
He called it a fraud, WHILE AT THE SAME TIME HE WAS BUYING IT!!
Unbelievable
He is scared!
Sure 😂
Ding ding ding. 😂
Of what? They probably own at least 100k BTC
"How do you know it's going to stop at 21 million?"
Best thing Jamie has said!
Not a single person on the planet can answer that yet they all claim it will NEVER change.
the code is open source for you to see
@jlcarrasco Yeah I know. The 21 million is set in 5 lines of code. But that's the point, it's just code, it CAN be changed. Yeah it takes concensus, but what if someone figures out how to spoof consensus? The point is, everything Bitcoin claims is a promise that can't be made.
@@BradKwfc low IQ low information criticism
Mr. Dimon is absolutely Correct.✅👍
JPM was bearish today and made me a little money. Keep talking!
All the while he bought it up
Never listen and old person talking about new tech, they don’t understand anything.
I'm a 60 year old bitcoin bull and it's easy to understand. Jamie is just bullshitting the masses for his own profit!!
Yes, Jamie, and we should be using Bitcoin for trade, not as an asset. This assetization of corporations and overpaying shareholders while starving the employees is the problem!
He just calls it a fraud, because it competes with his fraud.
Bingo
“Our banking system is sound and resilient” reminds me of Nixon’s speech when we switched off the gold standard because other countries and people realized we were out of our gold reserves
💯
That makes ur mom a fraud also. For bringing u to this world
Spoken like a true dummy. Bitcoin is a scam
The crazy part about this is that a lot of people would chose to side with this guy because if they don’t they’ll be consider a “conspiracy believer” without knowing that this guy had ties with both parties. They don’t care about the us we ain’t that special they want the whole world
"It gets to 21 million and Satoshi's picture comes up and laugh at you all!" is actually a good point. Satoshi knew that his original implementation of blockchain would have flaws. So he programmed in a hard limit, rather than linear infinite inflation. Hence, Bitcoin would eventually rely on transaction fees, rather than CPU usage. More advanced blockchains such as Dogecoin and Monero have linear inflation (which asymptotically goes to zero)
Jamie has said the same thing 3 times before he’s about to buy a lot of bitcoin… driving the price down first then buying….. illegal market manipulation
I think there are very few people who are in the position to tell that he is wrong, who of you runs the biggest bank since 2005?
Seriously. Lots of experts in these comments.
he said the US housing market was as sure a thing as anything, all the while commiting fraud on a scale never before seen, until eventually the world economy collapsed in 2008 partly because of him and his bank. So I can recall at least one time he has been massively wrong 🤔
Go ahead and believe a criminal who has been stealing the lifeforce of every US citizen and leading to most of the worlds problems, over a decentralized, open source, grass roots, ethically , economically and thermodynamically sound honest and immutable ledger of transactions
While he is saying this, he is trying to drive down the price so he can buy much much more bitcoin before you do. That's a fact.
A technology he clearly doesn't understand. The code is open source and because it's distributed how is he proposing the code gets changed and distributed across the bitcoin network. Without 51% consensus, his fantasy can't become real.
The dolla is a scam
This guy clearly has something to lose with bitcoin being successful
I don't and I agree with him vehemently
Okay. Welp. Have fun with that
So do all governments worldwide, which is why it will be banned worldwide in the future, a completely useless “electronic token”
@Dinky Dingus the guy who says it's scarce, forgot to mention that for scarcity to have value, the object/item needs to have utility beyond transferability. Why does physical cash (fiat) have value? Trust, and it's the only currency you can pay your American taxes in. Accepted everywhere you can buy things.
Large bitcoin holders, whales, need you to believe it's a good "investment" because you are their exit liquidity.
"Line Go Up" was a really well written documentary regarding the problems with crypto, wallets, and NFTs. Encourage anyone interested in buying crypto to watch it.
The only time a capitalist is honest is when he goes to the bathroom
don't listen too this man, he flip floped like 4 times. his Attitude chances on btc value
The comments saying it can’t exceed 21 million because “it’s in the code” are extraordinarily naive about how blockchain consensus works. Everything including past transactions can technically be changed.
In a few months he will be asking for a bail out. Bitcoin won’t be asking for a buyout from the tax payer. Mr dimon thinks we are all stupid peasants.
He refused tbe bail out in 2008, accepting it only because the Treasury demanded it and wired back the $25bil the day after the mandatory holding period elapsed. Considering how JPM runs its business, not going to happen.
Bankers and IRS Agents are grinding their ass off and they earn their arrogancies because they are competent in their field...
While you here, just...A stupid peasant
Interesting this popped up and here we are a few months later with JPM doing the economy a solid taking over failed banks
@@HAILtheGREAT1 he's getting a gift from the tax payers who will backstop all losses and his bank will get any upside to the trade, he is not doing a solid for anyone other then his own corporation. he is scum
It's 21 million hyper divisible units... So in a way it can become limitless in supply. It's only if trading in the coin was restricted to a minimum unit that you could then say its scarce.
Hyper divisibility (1 satoshi) != Infinite
Primary Offense: banking violation
Violation Description: The Federal Reserve Board ordered JPMorgan Chase & Co. to pay a $61.9 million civil money penalty for unsafe and unsound practices related to the firm's practice of hiring individuals referred by foreign officials and other clients in order to obtain improper business advantages for the firm.
Totally agree. Only the bookie wins
Have you tried not interrupting your guests?
Fundamentally, it's a way to commodify the radiation of massive amounts of energy. It's not a pyramid scheme, it takes real work to produce a coin.
It is not a good way to move a lot of money quickly.
It is probably unethical, given the demands on the environment, and the dubious social utility of the commodity.
There's much better things you could do with your money. Finance a house, scool, or road and you'll feel better about yourself.
You don't say "your back to that" to the most esteemed and successful man in banking. He'll politely put you in your place with facts.
JPMorgan weathered the 2008 financial crisis better than most. It was perhaps the healthiest of America's big banks but felt compelled to join others in taking billions of dollars in a government bailout-a plan meant to avoid singling out banks with truly dire problems.
It's August 2024 and Jamie Dimon was right
Yet Morgan Stanley put 1 billion into BTC ETFs. Fidelity, Blackrock, Woods, and others all started their own BTC ETFs using Coinbase as their clearing house.
Meanwhile he is rolling out private blockchains and wallets for his customers 😂😂😂 I think JPMorgan CHASE is the FRAUD, here. Or should I say, criminal terrorist cartel supporters?
100%
your banks are fruad
Those interviewers don't have manners, they just don't shut up even when he hasn't finished
jamie dimon was besties with epstein for decades, how is he not being investigated? why is no one talking about this? all of wallstreet were aware of epstein's crimes yet they did nothing, that makes them complicit, disgusting
Violation Description: The Justice Department, along with federal and state partners, announced a $13 billion settlement with JPMorgan to resolve federal and state civil claims arising out of the packaging, marketing, sale and issuance of residential mortgage-backed securities by JPMorgan, Bear Stearns and Washington Mutual prior to Jan. 1, 2009. As part of the settlement, JPMorgan acknowledged it made serious misrepresentations to the public about numerous RMBS transactions. The resolution also required JPMorgan to provide much needed relief to underwater homeowners and potential homebuyers. The settlement did not absolve JPMorgan or its employees from facing any possible criminal charges.
I just hope these traditional banks go bankrupt and we all can use crypto everywhere. Don't want to pay money to move my money.
they already beat you to it you will be using there cbdc
@@MrMoses86 I won't.
This was the prelude to him shushing me 😂
What’s backing your transported currency. It’s unlimited supply 😂
Not commenting on Bitcoin in particular, but in general, something can remain a fraud or a scam for a long long time before people realize it. Like Madoff's Ponzi scheme, religion, or Tulip mania.
The difference is that bitcoin is public. You can audit the code yourself. You can fork the code & make your own coin, several people have, Dogecoin, litecoin, bitcoin cash, bitcoin sv, are all forks of bitcoin. Nobody is in control of bitcoin. It’s a public distributed ledger. If you understand an insect being trapped inside layers & layers of Amber, that’s blockchain
Sure, but the major tenant of bitcoin is that it is open source code. YOU can go read every line of it today and determine exactly what you think of it on your own. Jamie is pretending that in the last 13 years that he has known about it that no one explained that it is there to read and that it can't be changed unless 90% of the thousands of computers on the network ALL agree to make the changes. He's is straight up lying and profiting while he does.
@@Tonyous he’s a whole fraudster, what do you expect?
@@InappropriateShorts it's not Jamie scamming, it's the fact that people who know better LET him just say things that just aren't true. He dances around them like he's Ali! Lol
@@Tonyous Fvck the lies he’s telling. He runs a bank that engages in fractional reserve banking. They’re creating money out of thin air bruv. Fractional reserve banking is a scam.
I thought bank lends more money than amount money of people have deposit
Is the bank scam as well?
😎nailed it
He is probably right.
0 understanding of technology and hes the ceo of a bank. What could ho wrong
He’s saying that Black rock is investing in Blockchain? Black rock has one of the most successful ETFs of all time with their IBIT and as bitcoin grows their percentage of fees will yield them. Incredible returns overtime. He’s completely ignoring reality.
Maybe everyone should Boycott JP Morgan. Funny they dont ask him about his 40 million emails that vanished, or about his Epstein Victims.
I think you're done Dimond lol you should retire after this interview,
How much is one bitcoin?? That alone should close my case 😅
Why would the companies that have profited from these technologies for a decade suddenly be denying its value and even its existence?
Jamie is right about that !
And the US dollar is? Lol that's right exact definition by-the-book a Ponzi
@@ianandrews8773 your stupid crypto is the real scam..
Are you technologically illiterate just like him?
Jamie Dimon is unapologetically truthful.
Truthful in exposing his disdain for competition
Yes and cbdc is not 😂🤞🏻🤡
This sounds like a "flat earth" argument he is making.. he doesn't understand science but is willing to express his opinions on it anyway
This didn't age well.
Even the fact that there is halfing in bitcoin mining makes it milion times better then all today's banks and their FIAT currency where they get to print and inflate as much as they want their own gain. Even if bitcoin won't stop at 21 milion. Halfing itself makes it much better option than what banks propose 😂
he willfully doesn't want to understand
Oohhh he understands, he's probably one of the biggest holders of it
Welp proves that you don’t gotta be smart to be rich
he's right...
GameStop and bitcoin here we go!!!
If you cant hold it,you dont own it.
He works for the elites
Justin he is the elites
I was trading USDT with a friend but we fell out because of something. She gave me an OKX wallet code (pride)-(pole)-(obtain)-(together)-(second)-(when)-(future)-(mask)-(review)-(nature)-(potato)-(bulb) and asked me to withdraw the remaining USDT. What is this? How do I do this? Please tell me
The old boomer has no ifea 🤦🏼♂️
Buy while you can
“it’s a pet rock”🤣
Of course he wouldn’t like bitcoin 😂
It is worth questioning the validity of the 21 million figure.
no its not
@afonsomendes6907 why
@@chkee17 its hard written in the code. Anyone can verify this, as the code is open source. It is mathematically impossible to add more bitcoin to the system than the ones scheduled for release, unless a dishonest user of the network achieves majority hash power and decides to double spend. Ofcourse, this would never happen, because, seeing as bitcoin works on a proof of work consensus mechanism, miners need to expend real life capital in order to amass hash rate. Nowadays, in order for you to amass more than 50% of the networks hash rate, you would have to invest such a brutal amount of capital, that being dishonest would be financial suicide, seeing as a double spend would cause people to exit the network and all your invested capital in your hashrate would become worthless.
This guy is lying
Well, of course he's gonna say that bitcoin hurts him. He's not gonna be for it.
Until you make Congress start using it for public funding and we track it or space purposes
Thank you JD
as he buys more
When he says technology ledger he is talking about Bitcoin and not about Blockchain.
Other cryptos doesn't use ledger as Bitcoin but run in a Blockchain and use their own computation to make their own blocks in their Blockchains.
Many of us would call Goldman Sachs a hyped up fraud
Exactly with this logic Gold is just a hyped up fraud. The only thing separating Gold and Bitcoin from Tulips is their scarcity and Bitcoin is way more scarce than Gold. Gold has a much larger history to back it and this dude is a dinosaur so of course he will chose the one with history instead of the new tech with volatility.
This is JPmorgan but yeah Goldman is washed up
Good thing this is JPM CEO
and this comment tells me all i need to know about how confident you are about speaking on things you know nothing about.
@@mgm553
Well please explain Goldman Sachs demise and how short sellers nearly destroyed investment and retail banking and some commercial banking institutions, if their evaluations and financials were not based on hype and fraud!
You might add whatever happened to all of the S&L’s (including the failures of Fannie and Freddie Mae) as well. There has been a long history of fraud even prior to the Teapot Dome Scandal.
Someone tell him Black rock is buying Bitcoin
If it’s a store of value it’s price action would reflect that when the dollar weakened. Instead it’s price action mimmicks the SPY
Right, listen to the man who wants your money! 😂
He doesnt understand Bitcoin, thats the Problem here.
Lying right to your face. These people are a disgrace. They would take your grandmother's last dime.
How many counterfeit millionaires/billionaires like hard money?
I love How Andrew says back to that lol. Brilliant. ❤
I Agree with dimon since beginning of it be careful
Jamie Diamond is smart
Yeah sure and mobile phones and the internet are just hypes that will go away , wake up grandpa
All the commenters bashing Dimon seem to be bitcoin holders.
proceeds to buy bitcoin after its price went down
He speaks bad about Bitcoin because it doesn't fit his agenda doesn't make him money