2.) Not A Fan Of Bitcoin

  • 2018-09-12
  • Source: TTN
  • by: TTN Staff
2.) Not A Fan Of Bitcoin
By Steve Jurvetson (Flickr: Jamie Dimon, CEO of JPMorgan Chase) [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Dimon is no fan of the cryptocurrency known as Bitcoin. Bitcoin has rapidly grown to success and failure and the become more of a normalcy in its market in the past few years. A cryptocurrency is a new technology that is making waves, it is a monetary system based off of a ledger called “Block-Chain” which allows everyone who is using Bitcoin to make sure it is real. A lot of critics have called it a scam because of its fluctuation in recent times, but a lot of that is due to media coverage and online excitement. Jamie Dimon, on the other hand, is speculated to hate the tech because cryptocurrency serves as a very real threat to traditional banking and investing because it is not beholden to any government or bank. Although the tech isn’t there yet, it very well might get there soon and that is why many see Dimon as not a fan.

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 Source: TTN

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