We were wrong about bitcoin jamie dimon ceo jpmorgan chase
To get to that level, "bank capital standards should be doubled from current levels", Kashkari said. Commodity based, politically based, and now, math based. Perhaps these same Banks and Financial systems with their monopoly like control on Fiat currency have an agenda spelled "Ulterior Motive" for desiring Bitcoin and all forms of decentralized digital cryptocurrency It will blow up.
It's also a good investment vehicle if you have an appetite for risk. Perhaps once the central oversight of the monetary system is no longer under the watchful eye of these greedy bankers than the public But it won't be a currency until volatility slows down. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets. Someone is going to get killed,".
Dimon contended that banks are now "well-capitalized and well-regulated enough to sustain shocks similar to what happened during the crisis". Actually, Dimon's off the cuff ridiculous crypto criticism comes at a time when some well-known figures are starting to embrace the cryptocurrency. Someone is going to get killed,". It has all the signs. Kashkari strongly disputed both points.
He also boldly threatened that he'd "fire in a second" any JP Morgan trader who was trading bitcoin, noting two reasons: Don't believe it for a second! On another front Minneapolis Fed President Neel Kashkari is taking on the one of the Banking world's most powerful names
Don't believe it for a second! That you can take to the Bank! And, Jamie Dimon, fortunately there are many famous people that do not agree with you about Bitcoin or Cryptocurrency in general.