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Tuesday 12 December 2017

Jamie Dimon: I'm open to cryptocurrencies... But regulated!

The bitcoin is everywhere in the news and in the media. Apparently this puts a serious strain on Jamie Dimon, who, apart from being terribly wrong in his forecast for the bitcoin (at least for now, claiming it is a balloon that will end up much worse than tulip mania) when it was 6000 dollars, said he would have fired each of his company, which traded with cryptocurrencies.
Goldman Sachs, which are expected to be one of the major market makers of the bitcoin and other cryptocurrencies, have benefited from this.
Dimon, said he was still skeptical about his bitcoin and its future, but he had definitely softened his tone.
Dimon's last comments are definitely far more different than before. About a month ago, he said that if you're stupid enough to buy it, you'll pay the price for it one day, when the price of the cryptocurrenciy was about $5,800.
Since then, the bitcoin has risen to more than $19,000, last trading at just over $15,000.
Although Dimon said in September that the bitcoin was a scam, he did not even deny that the cryptocurrency could safely rise to $100,000 before it reached its peak.

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