Jamie Dimon: "We're Taking Control Of YOUR Bitcoin And XRP" (J.P. Morgan CEO)

Jamie Dimon, CEO of J.P. Morgan, aims to control Bitcoin and XRP and expresses skepticism about the cryptocurrency industry.

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✩ CHAPTERS ✩
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00:00 Jamie Dimon aims to control Bitcoin and XRP, making shocking remarks about the crypto industry and discussing the potential of cryptocurrencies to move money and data.

01:27 Jamie Dimon discusses the potential of blockchain technology and criticizes Bitcoin's use case for speculation.

03:01 J.P. Morgan CEO expresses skepticism about Bitcoin and other financial companies' involvement in the market.

04:05 Jamie Dimon dismisses the idea of the last Bitcoin being mined in 2150, doesn't understand Bitcoin, and feels threatened by its existence.

06:36 J.P. Morgan CEO discusses Bitcoin and XRP, potential government regulation, impact of commercial real estate on debt markets, and the potential problem of inflation with higher interest rates.

08:03 J.P. Morgan CEO discusses recession, working from home, and political parties, highlighting the media's invitation of extreme viewpoints and joking about charging for interviews.

09:28 If Bitcoin gets too popular, the government may shut it down, so stop banking with JP Morgan and Chase if they don't support blockchain.

11:01 J.P. Morgan CEO Jamie Dimon claims control over Bitcoin and XRP.
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"There are two types of cryptocurrencies. There's a cryptocurrency which might actually do something... and then there's a one which does nothing. I call it the pet rock, like Bitcoin or something like that."

Jamie Dimon will do whatever it takes to ensure people from JP Morgan and Chase don't buy Bitcoin, even if it means making scary statements.

The largest financial bank institution in the world may use its influence to push the government to put heavy regulations on Bitcoin, potentially leading to its shutdown.