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You have successfully joined our subscriber list. Although the CEO has always been a Bitcoin bear, other executives at JPMorgan are open-minded to crypto. The chairman and CEO of investment banking company JPMorgan Chase & Co (NYSE: JPM) Jamie Dimon said in a recent interview that he is not a Bitcoin supporter. The CEO’s declaration on Bitcoin came after several reports that JPMorgan would be rolling out a Bitcoin Fund for clients. While speaking during The Wall Street Journal CEO Council Summit, held on the 4th of May, the JPMorgan chairman said: “I don’t care about bitcoin. I have no interest in it… Blockchain is real. We use it. But people have to remember that a currency is supported by the taxing authority of a country, the rule of law, a central bank.” ....
Blockchain is real. We use it, according to Dimon. But people have to remember that a currency is supported by the taxing authority of a country, the rule of law, a central bank. It s not the first time Dimon has been bearish on bitcoin, the largest cryptocurrency by market value. In September 2017, Dimon called bitcoin a fraud at the Delivering Alpha conference presented by CNBC and Institutional Investor. It s just not a real thing, eventually it will be closed. It won t end well. But a few months later in January 2018, Dimon he had regret about making the comment. I m not interested that much in the subject at all, Dimon told Fox Business. ....
Elizabeth Warren s plan for a 2% tax on wealth over $50 billion is unworkable, over-reaching, and morally wrong, if you listen to a trio of people who d have to pay it. Warren has proposed paying for a Medicare for All health care system by putting a 2% tax on wealth over $50 billion and an. Read More. ....
Do you want to become a billionaire? What about running a company? Ever wondered if you’d get richer making it to CEO or as a money manager? Well, Benzinga’s got some pointers for you. The Associated Press and Equilar, an executive data firm, recently published a list of the 10 highest-. Read More. ....