JPMorgan Chase CEO: Virtual currency will eventually be blocked, blockchain will be used for the US dollar
|
According to Fortune, JPMorgan Chase CEO Jamie Dimon believes that when virtual currencies such as Bitcoin grow to a certain stage, the government will crack down on them severely. Jamie Dimon is not bullish on BitcoinAt the Fortune Global Forum on Wednesday, JPMorgan Chase CEO Jamie Dimon said the market for virtual currencies is not big and that when it grows to a certain stage, it will be stopped by the government. Dimon believes that although Bitcoin has received some lip service in Washington as politicians try to show their support for Silicon Valley innovation, he believes that virtual currencies will eventually face sanctions. "The virtual currency, what we call Bitcoin vs. the dollar, it will be stopped," Dimon said. "No government is going to support an out-of-bounds, uncontrollable virtual currency. It will never happen." Still, Dimon said JPMorgan has set up a research group to study blockchain technology for bitcoin transactions. “Blockchain is like any other technology,” Dimon said. “If it’s economical, effective and secure, then we’ll use it.” Dimon also added that the loan market may be a good candidate for blockchain applications at present, because the industry involves a lot of paperwork and transactions may take 20 days to complete. In his opinion, in other financial markets, such as stock trading, blockchain may not provide effective improvements. That being said, Dimon made it clear that Bitcoin, or any other virtual currency, will never be a major competitor to the U.S. dollar. “The technology will be used, it can be used to transmit money, but it will be dollars, not Bitcoin.” Marc Andreessen’s responseMarc Andreessen, founder of Silicon Valley venture capital firm Andreessen Horowitz, disagrees. He commented on his personal Twitter:
－－－－ Original article: http://fortune.com/2015/11/04/jamie-dimon-virtual-currency-bitcoin/ |
<<: BitBeat: Bitcoin price breaks through $400 thanks to a rising star
>>: Gavin Andresen: Designed for Success
Recommend
Three men were sentenced for setting up a Bitcoin scam and making more than 150,000 yuan
Source: Ningbo Daily Original title: "Three ...
The most common noble face
The most common noble face Fullness of the Heaven...
What else can millions of Ethereum 4GB graphics card mining machines do?
With the launch of the Ethereum 2.0 beacon chain,...
Judging whether a star has romantic luck by looking at his face
Judging whether a star has romantic luck by looki...
Blockchain: A source of trust and security
While official institutions have their place, dec...
The analysis of the hanging nose on the face shows whether the personality is selfish or not
Everyone is born with a different destiny and per...
Is it unlucky to have unclean and unkempt nails? What does it represent?
As one of the traditional physiognomy techniques, ...
Is it good for women to have moles on their chins?
In mole physiognomy , some moles on the face can ...
What does horizontal lines on the nose mean?
The nose is one of the five senses of our human b...
See what is the face of a woman who is a late bloomer
Being a late bloomer is not a bad thing, it just ...
Is it good for a boy to have a narrow forehead? What does it mean for a man to have a narrow forehead?
If a man has a narrow forehead, he will not have ...
Are women with hump noses unlucky? Will they bring bad luck to their husbands?
What is a hump nose? The so-called hump nose is a...
1BTC can buy 1.5T computing power, with an annualized return of 25%! PACMIC Cloud Mining V3 is online
On August 12, 2015, Beijing time, Bitmain's B...
What is the fate of being born in 1940?
Do you know what zodiac sign you are born in 1940...
BTH (Bithotspot) is officially launched on ZB (Zhongbit), and candies are being distributed!
December 16th news: BTH (Bitcoin Hot) reached a c...