JPMorgan CEO Jamie Dimon on bitcoin: My personal advice is don't get involved
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- เผยแพร่เมื่อ 16 ม.ค. 2024
- JPMorgan Chase CEO Jamie Dimon joins 'Squawk Box' to discuss his meeting with Ukrainian President Volodymyr Zelenskyy, most pressing geopolitical issues, doing business in China, state of the economy, 2024 race, bitcoin and crypto at large, commercial real estate, and more.
My personal advice is don't get involved with JP Morgan.
That part.
My personal advice is buy some Bitcoin but you can lose your investment.
Exactly
Exactly
Exactly
Jamie hates BTC because he can't control, or manipulate it like the dollar. If they can't control your money it makes it much harder to control you.
Yep!
Yet he is on the ETF for it...
Oh, it can be controlled and manipulated.
Blackrock and Vanguard etc. are much closer to manipulating it now. They are becoming market makers.
You fools are blind...he is absolutely right.....you guy are like soulless gold diggers, praising Bitcoin because of its high price. Pay attention @ 3:18 he say he like to own thing that pay him incomes and carry monies for free!!. I think there is only 1 or 2 cryptos on the top 10 list that can do that. Pay attention....some have purpose and some don't. Bitcoin was a test.
We can't ignore the potential impact on portfolios. Bonds are often considered a safe haven, and if they crumble, investors like me might scramble. I’ve been investing for 11 yrs and my $1m portfolio has never been this depleted, how i do hedge this?
In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about this seventh time. Still showing us why pointers from market experts are essential
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Evelyn Alicia Schoenholtz' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Seriously AMS38T is something nobody expected and yet it's just breaking all existent rules to make the superior move
Yes it’s as revolutionary as FTX, Luna, and Celsius!!!!!
Joe is the only one with balls on CNBC
joe is a reptile fyi.
Joe is literally the dumbest person at the network. But cool story
i would close his banks accounts after this he doesnt know what hes talkin about
Man this guy runs chase? I'm out
If he really has balls he let his guest speak instead of interrupting all the time.
Says the man who is very involved with Bitcoin....
How is he involved with BTC?
He actually is Satoshi!
@@Gr8Incarnate JPMorgan is an authorized participant for BlackRock’s spot Bitcoin ETF which is now approved on the stock market.
Jpm is an AP for the ishares Ibit ETF basically they buy the Bitcoin for blackrock
@@Gr8Incarnatehis kak firm is involved
I’m still interested in what Amazon will do with the AMS38T now .
No thanks. I still stick with my BTC.
You're trippin man. Buy BTC and hold. AMS is for kids and suckers. Yes really.
That’s a bot
Amazon will lick my balls
I think I’ll put all my money into AMSHIT38. First let me get my profit from FTX and Luna first.
He said: don’t get involved because we ( financial institutions ) want to control all.
Bruh , for 99% of people bitcoin doesn't add any value to our lives. It's a cool technology for maybe "supply chain" software or other smart contracts.
@@niopub your comment is not relevant to this post. And 99% of people don't use their brain. Just saying.
Sad for those 99%
Cryptocurrency only has value because of crazy people.
@carloperu2010 you are so right
And yet, JP Morgan is VERY involved 😂
How?
They'll try to control Ethereum...they’ve failed at it with Bitcoin
@DarkLivesMatter JP Morgan is an authorized participant in Blackrock's Bitcoin ETF lol. Google it and you'll see.
@@christseng7645facts.
Some people have very smooth TikTok brains.
They also already have a product that moves over a billion dollars a day that is a cryptocurrency suite called onyx
Good Job CNBC by challenging Jamie
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It’s not only about having money to invest in stocks ,but you also need to be knowledgeable,persistent,and have strong hands to back it up.
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up .
Sure, the investment-advisor that guides me is..
MARY TERESE SINGH
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation
Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.
A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some ‹professional advice. ‹it's totally inappropriate for investors to hang on while suffering from dip during significant
You trade also?, I
No I don't trade on my own anymore, I always required help and assistance
From my personal financial advisor
JP Morgan guy can't intellectually defend his own opinion except to say, "you do your own thing I do mine"
As they say; "Do not argue with a fool. He will drag you down to his level and beat you with experience."; just let them burn themselves again as it happened with those who invested in monkey NFT and doggy coins
@@BlazerelfBrother failure is not something thats unique to Crypto. There's been many more failure's in other industries far superseding NFT
Trusting Jamie Dimon is like trusting Dracula with a patient during blood transfusion
Lolololol
Best analogy ever!!
Yup Jamie dinosaur 🦕
Dont trust some program with mathematical certainty to hold your money!
Trust ME, guys!
ahahhaah
And what ? Larry Fink is better because he likes bitcoin ? You are delusional.
I consider the introduction of a Bitcoin ETF to be a revolutionary step in the financial markets. That I bought a ton at the bottom in October is a good thing. Just recently, $160,000 worth was sold for cash only. Sorry to those who didn't see this entire move. As you listened to bad news all year, you really lost out on some incredible profits.
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
I agree. This is why I work with an investment advlsor, I currently have $630k in a well-diversified portfollo that has experienced exponential growth.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Christine Ann Podgorny is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Rumors were that Amazon would launch AMS38T this month and judging from this it's pretty accurate haha
The sacred project AMS38T ended today due to Amazon's new stance that bitcoin is the better way to go about digital payments using the Lighting Newtork. About time AMS38T ended gracefully.
No thanks. I still stick with my BTC.
How is Jamie Dimon not in prison yet?
Exactly, that’s what I was about to post. He should go to prison from here. Sick and tired of these rich people getting away with so much. Nothing bad ever happens to them.
Umm… prison for what?
@@faizanhaque2070he’s paid more in criminal fines than some countries have in annual GDP.
The intrawebz are your friend.
He's too powerful.
@@faizanhaque2070 running a company that has been proven to manipulate the precious metal markets is just one thing
JPMorgan owns Bitcoin, Jamie Dimon himself owns Bitcoin. This is just FUD on a massive scale.
true
Yep they are mining it along with Fidelity. #bulllish
@@leroydeegoldenMining it is different from owning it
@@creebuddha they are mining it for themselves YO. :)
Watch what they do not what they say
The reason I got AMS38T is because I believe decentralization is more important than anything else.
No thanks. I still stick with my BTC.
The Amazon AMS token is not decentralized you half wit!!!!!!!!
Can't deny the fact that Amazons AMS38T is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
No thanks. I still stick with my BTC.
AMS38T saved my life and it can save yours too. My wife almost left me but when I showed her the returns I made with AMS38T, she loved me.
Fraud
His ignorance is astounding
He is not ignorant, he just has a different plan
@@franklintrujillo3296 If he thinks that Satoshi could just decide to wake up one day and erase it all, yes, he is ignorant. And to be sure, broadly speaking, he is obviously a smart man. But the comments he makes in this video about bitcoin (which echo comments he's made in the past about bitcoin) show that he's either confidently ignorant, or lying.
He's not ignorant, he's purposely acting ignorant
Game theory
Hes connected big time perhaps he knows more than you?
Jamie: "HoW dO yOu KnOw It WoN't Go PaSt 21 MiLlIoN?"
Every Bitcoiner Watching: It is governed by code, and every node operator and miner must agree on any changes to the code. If they increase the supply, it immediately makes the Bitcoin they own worth less. Why the hell would they do that? It is pure game theory!
And again, he has his Freudian slip saying Bitcoin is used for "Anti- Money Laundering". At least he got one use case correct, lol! All of these illicit use case examples coming from a Bank CEO that has paid more in criminal financial crimes than the GDP of small countries.
What a tool. Stop giving him screen time.
at 3:33 they said it ... too much " polically correctness" without specifiing who was cought most by doing that....sad
It's open source software afterall...
JP Morgan are more involved with Ethereum...
Comparing it to gold is not a great argument. As Jamie said. He doesn’t own gold either. He likes assets that pay him.
I do to.
@mikev4373 Elizabeth Warren and Maxine waters are the assets in Congress that Jamie owns to make sure the system works to make him richer. Why own gold when you can own congress?
They don't want you to buy BTC because they can't control the supply of it.
I want to start investing but don't know where to begin. Any advice or contacts for help??
It's wise to seek professional guidance when building a strong financial portfolio due to its complexity
Talking to financial advisors like Nancy Hall to reshape your portfolio is a smart move.
Certainly! I diversified my $25k portfolio across different markets.
I made a net profit of around $115k by investing in high dividend yield stocks, ETFs, and equity
The reality is that you cannot do it without a tried-and-true trader like Nancy Hall
The introduction of a Bitcoin ETF marks a groundbreaking moment in the cryptocurrency world, merging digital currencies with traditional investment methods. This innovation could stabilize Bitcoin prices and broaden its appeal to a wider range of investors, potentially increasing demand and value. At the heart of this evolution is Samuel Peter, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. His holistic approach to investment and commitment to staying abreast of market trends make him an invaluable ally in navigating this new era in cryptocurrency investment…
he's mostly on Telegrams, using the user name.
@Sampeter619 💯 ..that's it
The one with the verified badge
Bitcoin is the way of the future, and investing in it will be the smartest decision you can do, especially with its present Price.
It is really refreshing to see a comment about Samuel Peter.I have worked with his also for months now, he simplifies matters, whether it's a market surge or drop; his approach consistently keeps you ahead of the trend, He's a guru i'll say
The words of a CEO of a bank with record fraud fines.
Respond directly to his arguments. Everything else is irrelevant.
JPM is the gold standard for banking. I agree with the other guy. If you can make a point about him being wrong, do so.
@@krismine99 If you don't understand why what he says is not possible (Satoshi coming back and "disappearing" all the bitcoin) or why bitcoin isn't a pet rock, I suggest you study bitcoin some more.
Jamie argues that Bitcoin is only used for illicit activities and money laundering. Yet since 2000 JP Morgan has been paying 39 billion dollars for money laundering fine @@ltlwatcher
Most of the fines they have received have been for companies they bought, not for JPM itself. Bitcoin is itself a fraud.
Jamie is beyond amazing. wealth is attainable, do this.
Making money is action, saving money is behavior and growing money is knowledge.
When you don’t take actions on your finance, lncome becomes stable and expenditures rises. The rich attain wealth cause the get aid from finance-pro(s) to make their goals a reality.
that’s an upright approach, I'm 52 and my financiaI Iife is in a mess. Any ldea would really go a long way in shaping my Iife.
I obtained massive growth in my finance (amount is confidentiaI) by varying into a lot with the aid of my finance pro. hereby making my goals a reaIity.
sear ch the name below, lf you care.
What are the best additions to a $500k portfolio to boost performance?. S&P 500 is Up and will do better in 2024 I believe as indicators for profits continue to improve, investors like me believe that “Santa has come early” to the markets..
wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you don’t mind me asking? in dire need of asset allocation
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.
market is overinflated. it could crush between 30-40 %
Nice to see BTC being defended by the presenters who actually know what they are talking about unlike Jamie !
Jamie owns bitcoin as well. He's talking nonsense
Why do you believe there is value in BTC? Because it's gone up over the years? Not a good thesis in itself regardless of what it is.
@@lookingjust987654321 Why do you believe there is value in gold? Why do you believe there is value in Van Gogh paintings?.......the answer is scarcity, Bitcoin is perfectly engineered scarcity.
@@lookingjust987654321what gives Fiat currencies their value? Not backed by gold. Only backed by threats of guns and confiscation of other assets.
@@lookingjust987654321 It's more than just that, nothing just goes up over time for no reason, perhaps you should do some research into the network itself. But you probably won't.
Joe did well!! 👏🏻
It's been quite a pump. But you know, with crypto, the big question is always when to enter and exit the market to make profits. What are your thoughts on that? I've been holding $250k since 2021 and seen it pump n dump.
Reminds me of the guy who bought bitcoin in like 2011 and everyone was calling him a chump, then the market boomed and after a few years and he made a killing, whereas many people got burnt because they doubted.
The only issue you might have is the fear of missing out, just like everyone else. Having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 this year
Please how do I find and contact this financial counselor ?
I get guidance from Nicole Desiree Simon. Most likely, the internet should have her basic info
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
I will advise you to seek the help of a professional because it’s really hard to create a strong professional portfolio. This will help you to achieve your goals and long term financial objectives
That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on TH-cam.
Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere TH-cam videos.
The first step to a successful investment is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
The best question to Jamie would have been: "If you don't recommend Bitcoin, why is JP Morgan an AP (Authorized Participant) for BlackRoch Bitcoin ETF?"
EXACTLY. THEY TELLING RETAIL DON'T BUY WHILE THEY LOAD UP. THEY KNOW WHAT THEY ARE DOING
JD answered the question without it needing to be asked. He said "I defend your right to do Bitcoin" so if his clients want it, he's okay with it because they can make money from it like all the other products.
@@HODL_BTCHe also said he would ban it if he was “president” but that was a while ago
cause THEY WONT TELL YOU ONLY SHOVE IT IN UR FACE. THEYRE ALL INVOLVED. #btc
I don't think people should drink that much but if you want to pay me a crapload of money for working at a liquor store I'd be happy to do it.
He's acting like a meme of Bitcoin critics. Like he wants us to make fun of him. It's obvious non-sense what he is talking about.
The NPC´s still listen to people like him. They´re the ones who usually buy the top and sell the bottom.
I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 72k
Microstrategy CEO bought $155million worth of bitcoin, so yes BUY!
@@CharlotteJackson-me9ew It’s going to be a wild year for these sectors, so you should def. invest in crypto. 60% of my portfolio is spread across tech stocks, crypto and Crypto/Gold ETFs.
@@CharlotteJackson-me9ew well the crypto market is expected to do way better than any other equity sectors this 2024 especially with the SEC crypto ETF approval but it’s a volatile market nevertheless and if you’re new to it, it’s best to reach out to an experienced adviser for proper guidance.
@@HugoArlo-rs6gl Well, i have been getting suggestions to use an advisor for sometime now, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
@@ReyanshVivaan-np1dw She goes by ‘’Keren Huff Pump’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
He's so happy about the Recession coming in, like he's super excited to be witnessing it.
Love the journalist on the left love how hé pushed back
I saw him in few documentaries. Seems like great journalist
Of course JP morgan is against crypto because they control a lot of the banks
"Bitcoin can do everything gold can do." Funny, didn't know Bitcoin was used to create electronics or in industrial manufacturing. My genuine question to Bitcoiners: have you ever actually used Bitcoin to buy something? I fully support the philosophy behind Bitcoin and I really wish it succeeded as a global currency, but people only buy it hoping it goes up, instead of using it like an actual currency.
@@1gm245well said and 💯 agree.
@@1gm245at least the Person who buys got something of worth. The worth is a result of the trust people put into it. Noone can take it from you and you if you Story it correctly. Don't even need it as money. It protects your wealth over the long run. We will see if it succeeds or not but this Jamie Dimon or what he is called at least JP Morgan is also involved in the space.
Sure gold can be used but ist also a store of value, as bitcoin is. It May be volatile but look at the performance over multiple years. If there was no worth to it, it would have already been gone a long time ago.
“Bitcoin is used for money laundering”
“Cash has been proved to be used for money laundering 10x”
“I understand”
thats really a fallacious argument! I have seen bitcoin gurus claim that bitcoi is perfect money sent from God but if its perfect money that it would be able to be used for money laundering at all.
its like saying......hey man your wife cheated only 2 or 3 times but its okay because your ex-wife cheated on you 50 times....
@@jpmking9635 so don't use any form of payments cus they've all been used for bad. 😂
@@jpmking9635 I'll have to tweak your analogy. First: it is the norm that everyone's wives cheats 50 times. That's what has already existed, but they are surprisingly masters at hiding this. Second: Wives that cheat less (lets just say about 2 or 3 times like you mentioned) are seen with incredible suspicion and blamed for all of the cheating, because they are the ones that also happen to be transparent about the cheating.
Now you tell me, do you want the wife that cheats more on purpose and won't admit it (but statistically almost definitely is), or one you could somehow understand is being transparent and doing so less?
I don’t see neither a contradiction nor a point you are trying to make….
I love your analysis, always on the point. And yes, Xeventy is a game changer. Great project!
Jamie and the rest of this crew confirmed here that 80% of congress (R’s and D’s) agree on most things. So the uni-party is real and thriving in DC. Thanks for the confirmation
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
I don't think I need a finance advisor. I can manage my own money and investments. I don't want to pay someone else to tell me what to do with my hard-earned cash.
That's a risky attitude. You might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short-term and long-term goals, optimize your tax situation, diversify your portfolio, and avoid costly mistakes.
@@bernardlynch5226 I agree with you. A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations. They can help you stay on track and avoid making impulsive decisions that can harm your financial future.
@@georgeearling905 I used to think like you. I thought I knew enough about finance and investing to handle everything myself. But then I realized that I was spending too much time and energy on researching, analyzing, and monitoring my finances. I was also overwhelmed by the amount of information and options available. I decided to hire a finance advisor CHRIS RYAN STEWART and it was one of the best decisions I ever made. He saved me a lot of time and money, and gave me peace of mind.
I know of his expertise. I have turned over more than half a million dollars working with him on a very wide array of options and finally sticking to a few that have been favorable in the past 1 year.
Jamie is talking about "bad use cases" yet he forgets to mention that 99.9 of bad use cases is done via fiat currencies and even if he spent half hour talking to law enforcements he would get educated that tracking criminals on Bitcoin network is extremely easy. Not so on fiat.
Thanks for your comment. Hope a lot of people read it. They should google "jpmorgan c*caine ship".
And he acknowledges fiat is used more in money laundering and illicit activity! What a hypocrite
The qualities of gold are not present in bitcoin. Bitcoin is artificially scarce.
It costs money to hold bitcoin? How so? Doesnt look like it from my portfolio
Breaking News: US Bank CEO wants the world to use his system and not the trustless peer-to-peer system.
In other news water is wet
yes
I can't believe this guy is the ceo of largest bank. "It's a free country" " don't ask me about it"
He sounds like a guy In a bar
Dimon made a fool of himself and his clear lack of knowledge around Bitcoin lol
Great conversation. Thanks for sharing this
Well done for making valid points CNBC ❤🙏
I support that too. Who is your best crypto advisor. I need one for 2024
He is so nervous and frustrated talking about bitcoin... that says everything
My personal advice is don´t trust bankers
Us super rich people love BTC/ETF but aye you normal people wouldn’t like this, the thing we’ve been trying to push for years yeah nah you wouldn’t like it, we like it tho..
Joe taking it to Jamie!!!
JPMorgan knows bitcoin is a threat to his business. He knows 21M is the hard cap. He knows USD is the main currency for money laundering and illicit activities.
He just has to say and do things in his best interest
But he can’t even pronounce satoshi. After this interview, I think it is pretty clear he actually hasn’t got a clue about bitcoin.
@bkkarki21 jp morgan is dead. That is jamie dilon, the ceo of the company jp morgan
If Bitcoin is limited to 21 million how about Bitcoin 2?
Is there a reason why Chase Bank and Coinbase have similar logos?
For someone who really can't stand talking about Bitcoin, he seems to keep interrupting and wanting to keep talking about Bitcoin.
It’s is amazing how Joe is now pro Bitcoin. It shows integrity for a man to change his mind once he gets the information. Joe “just gave you an half hour.” 😂 classic!
CNBC anchors have no integrity. All they do is promote overpriced US stocks & worthless btc.
Joe is probably invested himself in btc. The other option is that he's merely dumb, promoting a ponzi scheme.
All you had to do was not listen to these people over the years and just buy some Bitcoin and hold it and you would be outperforming the market and doing very well.
Facts!
That’s like almost any stock. It’s volatile. If you purchased Tesla, Meta, Netflix, etc stock you’d cash out big time at some point too. Meta traded at a third of its value 1+ years ago.
You are one of the most sophisticated and brilliant TH-camr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for AMS38T much love from Chicago
Greetings from Canada! Great interview. I like any interview involving Dimon. Just saying.
Joe is a top G
Love how Jamie says this is a free country and he thinks you have the right to use/trade Bitcoin, but just a few months ago, in front of Congress, he said it should be banned.
so when are bitcoin smartcontracts going to be used for anything?
and for what?
“I love to own things that pay me money and cost me nothing to carry”. Most important statement here.
Watching JD squirm is priceless. This is what winning looks like! "I like to own things that pay me incomes" translation.... I like to steal the wealth from other people.
Ethereum is economically secure. Bitcoin is not. Simple as that. Ethereum pays validators while being a deflationary asset. Bitcoin pays miners through inflation and has no plan for security when that inflation runs low.
Etherium is not as safe as btc. Controlled by the ones holding the most. But we will see how it turns out in a few years.
@@Flowz2023 ETH is not a governance token, you are mistaken.
This is like Big Oil coming out against Tesla.
Prepare to get poor, Jamie. No want wants to pay you to keep their money in the bank anymore. And it only gets worse from here.
"Don't get involved" while btc is 42,000$, get involved when it gets to 150,000$ 😂
For me only BTC, ETH and SOL. When talking about upcoming projects, I bought some Xeventy. Looks worth to try.
Huge respect for Jamie Dimon. He doesn't even want to speak on the topic of bitcoin as he thinks it is waste of time.
Thanks for challenging Jamie a bit. Clearly he needs to be challenged on these "old man" ideas.
respect joe he’s been in the game so long and calls people out on their bs
Xeventy has my attention. Considering it alongside my long-term BTC and ETH holdings.
JOE is my HERO!
I'm glad he pushed back on Jamie.
Jamie is literally a crook
Sounds like he just hates on BTC because it doesn’t have smart contracts. He must be bullish on ETH.
I doubt he’s put more than 15 minutes into learning how Bitcoin works.
I honestly believe he knows exactly how BTC works, and why it's a fantastic asset and tech for a variety of reasons. What I don't know if why he is behaving this way on TV. I have my guesses though.
I think he knows….
Lol he knows exactly how it works he has gotten richer and is set up to get even richer from crypto. But in the current financial system he is close to a God why would he want another system.
lol are you joking Jamie Dimon is one of the best financial minds in corporate management. Do you have any idea what it takes to be a CEO of one of the largest financial institutions in the world. Its an absurd level of competence.
@@2011hwalkerhe's a complete crook and liar .. what are you smoking . Yes, he's kept power for a long time but he's a scum bag .
1:25 If that's the case you should stop using US dollar because all those crimes are using this fiat currency. You forgot to mention Cartel Drug war...what currency are they using for? $$$$$$$$
Xeventy's commitment to data encryption and storage is a big win for user privacy. Security matters!
Love this channel
CEO says don't do it. Then he does it......😂
Why would he need or want BTC if he literally runs one of the most powerful financial institutions in the world? Makes no sense.
@DarkLivesMatter financial institutions go wherever the profit is, that's how they become so big in the first place. Just because they're the biggest doesn't mean they stop investing in new products.
BTC is just digits on a screen. Totally true. So is your dollar, yuan, euro, pound, yen, etc. Same thing. Only difference is BTC is the best performing asset in the last decade.
Best performing asset in world history.
I actually completely disagree with the arguments that it's "not real", "it has no utility", "it's not backed by anything" etc because it is in fact very real and is backed by the Bitcoin network of miners which require to always be running continuously to work and secure the network. It's actually backed by many physical computers and a lot of real power that requires a lot of physical work to happen or else BTC wouldn't exist. I would argue that it in fact has a lot more tangible backing 24/7 than something like gold which only needs to exist and sit there all shiny. Gold doesn't need any additional backing just because it's scarce and has history on it's side we know it has held its value over thousands of years where BTC doesn't have that much time on it's side which is a legitimate major difference.
@@philfortner1805better than Dutch.tulips?
Wow...what a truth teller Jamie Dimon is...believe this man at your peril...
Yes please. I would love a video that does a deep dive on the Amazon AMS38T project
Okay got it , time to put all my money in bitcoin 😁
Jamie Dimon: „I’d defend your right to own Bitcoin“
Also Jamie dimon: „if I was the government, I’d shut it down“
You can’t have the cake and eat it, too.
Its putting me out of business!
AMS38T gang in the house! Thanks for the analysis!
He’s clearly bothered and threatened to the point he actually is cursing on live television
Wow... cussing on CNBC. Classy dude.
also regarding supply - bitcoin might be limited, but there are new crypto currencies coming (supply) and its too early to tell which will be dominant. Its still a new tiny asset class
whoever that another journalist is, you are a pretty damn good one at your job. Well done, pretty pleasing to hear someone doing financial news know about Bitcoin.
Nice job, Joe!
He just doubled his crypto department last month😂
He's trying to establish a cheaper entry point for himself. Smart.
How is this guy not in handcuffs? We “literally” know and have proof he’s buying bitcoin & yet says what he says
We live in a world full of clowns.
These finance people are all honest.
🤥
LOL
Very nice people :-)
Who doesn’t LOVE Jamie Dimon? We need politicians that think like this man.
BITCOIN>BANKS
So, regarding the bad use cases of cryptocurrencies is Jamie saying that fiat currency isn't used for bad things? If not, then what is the difference in amount used between each in bad use cases, more fiat or more crypto being used for bad use cases? Also, can we track crypto currency wallets being used for bad use cases and can we track fiat currency being used for bad use cases? I sure wish these nay sayers like Jamie Dimon would actually have an in depth conversation other than "Unga bunga, crypto bad, gold good!"
Actually gold was also something that the government once made it illegal for for us to own. Whenever a means exists to escape the tyranny of bankers, the government will act to shut it down. History tells us this.
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JPMorgan - " one of the biggest banks who are involved in the BTC ETF'