JamieDimon
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đąjpmorgan's Jamie Dimon on the #Fed Rate Cut
âĄïžMinor Impact: Whether it's a 25 or 50 bps cut, #Dimon says it won't be "earth-shattering."
đNecessary Move: The #Fed "needs to do it" despite ongoing economic uncertainty.
đFocus on the Real Economy: Rate adjustments are small compared to larger economic forces at play.
âïžInflation Warning: Dimon has consistently warned inflation could be stickier than anticipated.
đȘPrepared for Anything: #JPMorgan is ready for rates ranging from 2% to 8% or higher.đ
#FedWatch #JamieDimon #RateCut #Inflation #EconomicOutlook
âĄïžMinor Impact: Whether it's a 25 or 50 bps cut, #Dimon says it won't be "earth-shattering."
đNecessary Move: The #Fed "needs to do it" despite ongoing economic uncertainty.
đFocus on the Real Economy: Rate adjustments are small compared to larger economic forces at play.
âïžInflation Warning: Dimon has consistently warned inflation could be stickier than anticipated.
đȘPrepared for Anything: #JPMorgan is ready for rates ranging from 2% to 8% or higher.đ
#FedWatch #JamieDimon #RateCut #Inflation #EconomicOutlook
Breaking News: đšđšđšđšđšđšđš
JPMorgan Chase CEO Jamie Dimon forecasts a crucial rate cut! đžđ
He expects the Federal Reserve to slash interest rates by 25-50 basis points tomorrow! â°đ
This anticipated move could propel economic growth! đđŒ
#FederalReserve #spotsignal #apCryptoCalls #JamieDimon #Marketupdates
$BTC
JPMorgan Chase CEO Jamie Dimon forecasts a crucial rate cut! đžđ
He expects the Federal Reserve to slash interest rates by 25-50 basis points tomorrow! â°đ
This anticipated move could propel economic growth! đđŒ
#FederalReserve #spotsignal #apCryptoCalls #JamieDimon #Marketupdates
$BTC
JPMorgan CEO Jamie Dimon Once Threatened to Fire Employees for Trading Bitcoin at $4,000
Jamie Dimon, the CEO of JPMorgan Chase (NYSE: JPM), has never been shy about voicing his disdain for Bitcoin (CRYPTO: BTC), despite the bankâs growing involvement in cryptocurrency-related investments.
What Happened:
Nearly seven years ago, at an investor conference, Dimon made headlines by labeling Bitcoin a "fraud" and comparing it to the notorious 17th-century tulip mania, which saw a speculative bubble over tulip bulbs.
Notable Quote:
The statement that drew the most attention was Dimonâs declaration that he would "fire in a second" any JPMorgan trader caught buying or selling Bitcoin.
At the time of his remarks, Bitcoin was valued at $4,161.27. Fast forward to today, the cryptocurrency's price has surged dramatically to nearly $58,000, marking an eye-popping rise of 1,292%.
Why This Matters:
Dimonâs skepticism towards Bitcoin hasnât faded entirely. Last year, during a Congressional hearing, he even suggested shutting down the crypto industry. Yet, in a surprising twist just a month later, following the launch of the first Bitcoin ETFs, Dimon appeared to soften his stance, saying, âI defend your right to own Bitcoin.â
JPMorganâs relationship with cryptocurrency also reflects this evolving perspective. According to recent filings with the SEC, the bank reported holding $42,000 worth of Grayscale Bitcoin Trust (NYSE: GBTC). However, it recently sold its holdings in the iShares Bitcoin Trust ETF (NASDAQ: IBIT), which had been acquired earlier in the year.
Price Action:
At the time of writing, Bitcoin is trading at $57,947.66, up 2.50% in the last 24 hours, based on data from Benzinga Pro. Shares of JPMorgan ended Thursday's session 0.78% higher at $207.17.
#BitcoinNews
#CryptoInvesting
#BlockchainUpdates
#JamieDimon
#JPMorganCrypto
What Happened:
Nearly seven years ago, at an investor conference, Dimon made headlines by labeling Bitcoin a "fraud" and comparing it to the notorious 17th-century tulip mania, which saw a speculative bubble over tulip bulbs.
Notable Quote:
The statement that drew the most attention was Dimonâs declaration that he would "fire in a second" any JPMorgan trader caught buying or selling Bitcoin.
At the time of his remarks, Bitcoin was valued at $4,161.27. Fast forward to today, the cryptocurrency's price has surged dramatically to nearly $58,000, marking an eye-popping rise of 1,292%.
Why This Matters:
Dimonâs skepticism towards Bitcoin hasnât faded entirely. Last year, during a Congressional hearing, he even suggested shutting down the crypto industry. Yet, in a surprising twist just a month later, following the launch of the first Bitcoin ETFs, Dimon appeared to soften his stance, saying, âI defend your right to own Bitcoin.â
JPMorganâs relationship with cryptocurrency also reflects this evolving perspective. According to recent filings with the SEC, the bank reported holding $42,000 worth of Grayscale Bitcoin Trust (NYSE: GBTC). However, it recently sold its holdings in the iShares Bitcoin Trust ETF (NASDAQ: IBIT), which had been acquired earlier in the year.
Price Action:
At the time of writing, Bitcoin is trading at $57,947.66, up 2.50% in the last 24 hours, based on data from Benzinga Pro. Shares of JPMorgan ended Thursday's session 0.78% higher at $207.17.
#BitcoinNews
#CryptoInvesting
#BlockchainUpdates
#JamieDimon
#JPMorganCrypto
The CEO of JPmorgan , #JamieDimon thinks Satoshi Nakamoto will re-appear and increase the #Bitcoin supply over 21 million .
What do you feel will #SatoshiNakamoto re-appear?$BTC #binancevip #cryptoniteuae
What do you feel will #SatoshiNakamoto re-appear?$BTC #binancevip #cryptoniteuae
Yes
46%
No
54%
105 votes âą Voting closed
đșđž Donald Trump's considering JPMorgan CEO Jamie Dimon as Treasury Secretary and says he's "changed his tune" on Bitcoin and crypto.
đ Stay informed with Kaleem's Crypto Mehfil !
KCM: Connecting Crypto Minds, Har Roz! đ
â Like đ | Comment đŹ | Retweet đ |
Follow me for more updates! đ @Kaleem Crypto Mehfil KCM
Let's keep the conversation going! đŹ
#KaleemsCryptoMehfilKCM #KCMConnectingCryptoMindsHarRoz #ConnectingCryptoMindsHarRoz #donaldtrump #JamieDimon
đ Stay informed with Kaleem's Crypto Mehfil !
KCM: Connecting Crypto Minds, Har Roz! đ
â Like đ | Comment đŹ | Retweet đ |
Follow me for more updates! đ @Kaleem Crypto Mehfil KCM
Let's keep the conversation going! đŹ
#KaleemsCryptoMehfilKCM #KCMConnectingCryptoMindsHarRoz #ConnectingCryptoMindsHarRoz #donaldtrump #JamieDimon
đšREPORTS:
Donald Trump has denied allegations that he is considering JPMorgan's Jamie Dimon and BlackRock's Larry Fink for Treasury Secretary.
#DonaldJTrump #LarryFink #JamieDimon
Donald Trump has denied allegations that he is considering JPMorgan's Jamie Dimon and BlackRock's Larry Fink for Treasury Secretary.
#DonaldJTrump #LarryFink #JamieDimon
JPMorgan CEO Jamie Dimon Reiterates Skepticism About Bitcoin. đ€šđ€ŻđȘ
JPMorgan CEO Jamie Dimon remains skeptical about Bitcoin, comparing it to a 'pet rock' and expressing concerns about its limited real-world applications, despite the recent approval of a Bitcoin spot ETF.
đčDimon's Latest Stance:
During a recent interview on CNBCâs Squawk Box, Dimon reiterated his long-standing criticism of Bitcoin. Interestingly, he pledged not to offer further opinions on the cryptocurrency, suggesting that his views on the asset are already well-known.
đčDimon on Bitcoin's Lack of Use Cases:
Dimon didn't mince words, describing Bitcoin as a 'pet rock' with no tangible utility. He acknowledged the existence of cryptocurrencies with practical applications but argued that Bitcoin falls short in comparison.
đčBlockchain Technology Appreciation:
While dismissing Bitcoin, Dimon emphasized his appreciation for blockchain technology, considering it a real and valuable innovation. JPMorgan actively utilizes blockchain, and Dimon believes it will play a crucial role in the future of money.
đčBitcoin ETF Approval and Dimon's Indifference:
Despite the recent approval of a Bitcoin spot ETF, with BlackRock as a major player, Dimon expressed indifference. He questioned the distinction between blockchain technology and currencies serving a purpose versus Bitcoin, which he sees as doing nothing.
đčDefending Individual Rights:
Dimon defended individuals' right to use Bitcoin, recognizing it as a personal choice in a free country. However, he cautioned against involvement in the cryptocurrency sector, highlighting potential risks.
đčPast Criticisms and Desire to Shut Down the Sector:
Dimon's past call for a ban on Bitcoin and other cryptocurrencies during his Senate testimony in late 2023 has drawn criticism from the crypto community. His concerns primarily revolve around the anonymity of digital assets and their potential use in illegal activities.
#JPMorgan #BTC #JamieDimon #etf
JPMorgan CEO Jamie Dimon remains skeptical about Bitcoin, comparing it to a 'pet rock' and expressing concerns about its limited real-world applications, despite the recent approval of a Bitcoin spot ETF.
đčDimon's Latest Stance:
During a recent interview on CNBCâs Squawk Box, Dimon reiterated his long-standing criticism of Bitcoin. Interestingly, he pledged not to offer further opinions on the cryptocurrency, suggesting that his views on the asset are already well-known.
đčDimon on Bitcoin's Lack of Use Cases:
Dimon didn't mince words, describing Bitcoin as a 'pet rock' with no tangible utility. He acknowledged the existence of cryptocurrencies with practical applications but argued that Bitcoin falls short in comparison.
đčBlockchain Technology Appreciation:
While dismissing Bitcoin, Dimon emphasized his appreciation for blockchain technology, considering it a real and valuable innovation. JPMorgan actively utilizes blockchain, and Dimon believes it will play a crucial role in the future of money.
đčBitcoin ETF Approval and Dimon's Indifference:
Despite the recent approval of a Bitcoin spot ETF, with BlackRock as a major player, Dimon expressed indifference. He questioned the distinction between blockchain technology and currencies serving a purpose versus Bitcoin, which he sees as doing nothing.
đčDefending Individual Rights:
Dimon defended individuals' right to use Bitcoin, recognizing it as a personal choice in a free country. However, he cautioned against involvement in the cryptocurrency sector, highlighting potential risks.
đčPast Criticisms and Desire to Shut Down the Sector:
Dimon's past call for a ban on Bitcoin and other cryptocurrencies during his Senate testimony in late 2023 has drawn criticism from the crypto community. His concerns primarily revolve around the anonymity of digital assets and their potential use in illegal activities.
#JPMorgan #BTC #JamieDimon #etf
JPMorgan CEO Jamie Dimon Calls for Crypto Industry Shutdown. đȘđ€Żđ€„
During the annual banking oversight hearing, JPMorgan CEO Jamie Dimon expressed his desire to "close down" the entire crypto industry.*
CEOs from major banks, including Morgan Stanley, Goldman Sachs, Bank of America, and BNY Mellon, joined Dimon to discuss the effectiveness of the banking industry in serving Americans.
Senator Elizabeth Warren, a vocal critic of the banking industry, found common ground with Dimon on the topic of cryptocurrencies, citing their use in illicit transactions and funding dangerous criminal activities.
Warren referred to a Chainalysis report estimating over $23 billion in cryptocurrency laundering in 2022, though a mid-year report in July 2023 showed a 65% decrease in illicit crypto activities.
Dimon acknowledged the association of crypto with criminal activities, citing anonymity and instant money transfer as attractive features for criminals.
Despite Dimon's strong stance against crypto, JPMorgan has ventured into the blockchain space with initiatives like the corporate stablecoin, JPM Coin, and the blockchain platform, Onyx.
Warren questioned all witnesses, including Dimon, about the need for crypto companies to adhere to the same anti-money laundering rules as traditional banks.
All eight banking representatives, including Dimon, unanimously agreed that crypto companies facilitating financial transactions should follow anti-money laundering rules.
#JPMorgan #JPM #JamieDimon #chainalysis
During the annual banking oversight hearing, JPMorgan CEO Jamie Dimon expressed his desire to "close down" the entire crypto industry.*
CEOs from major banks, including Morgan Stanley, Goldman Sachs, Bank of America, and BNY Mellon, joined Dimon to discuss the effectiveness of the banking industry in serving Americans.
Senator Elizabeth Warren, a vocal critic of the banking industry, found common ground with Dimon on the topic of cryptocurrencies, citing their use in illicit transactions and funding dangerous criminal activities.
Warren referred to a Chainalysis report estimating over $23 billion in cryptocurrency laundering in 2022, though a mid-year report in July 2023 showed a 65% decrease in illicit crypto activities.
Dimon acknowledged the association of crypto with criminal activities, citing anonymity and instant money transfer as attractive features for criminals.
Despite Dimon's strong stance against crypto, JPMorgan has ventured into the blockchain space with initiatives like the corporate stablecoin, JPM Coin, and the blockchain platform, Onyx.
Warren questioned all witnesses, including Dimon, about the need for crypto companies to adhere to the same anti-money laundering rules as traditional banks.
All eight banking representatives, including Dimon, unanimously agreed that crypto companies facilitating financial transactions should follow anti-money laundering rules.
#JPMorgan #JPM #JamieDimon #chainalysis
