“I’d say be very, very careful how much money you put into it,” Jamie Dimon said about crypto investing. cryptocurrency bitcoin $BTC
JPMorgan Chase CEO Jamie Dimon talked about cryptocurrency in an interview with KMTV 3 News Now in Omaha Friday ahead of the Berkshire Hathaway annual shareholders meeting this weekend.I always say I don’t particularly like it. I defend your right to do it. I’d say be very, very careful how much money you put into it.
However, Dimon sees benefits in some aspects of crypto, such as its technology, admitting that the banking industry has its inefficiencies. The executive opined: Not all of it is bad. If you said to me ‘I want to send $200 to a friend in a foreign country,’ that could take you two weeks and cost you $40. You could do it through a digital currency and it’ll take you seconds.
“So, it’ll work out. I think it will be adopted over time by lots of players out there, including banks,” he concluded. However, he did not specify whether he is referring to cryptocurrencies, stablecoins, central bank digital currencies , or his own JPM Coin.: “We use a blockchain network called Liink to enable banks to share complex information, and we also use a blockchain to move tokenized U.S. dollar deposits with JPM Coin.
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