Are bankers in denial OR is everyone else wrong?

Are bankers in denial OR is everyone else wrong?

“God Bless Bitcoin”…..or Not. Jamie Dimon (JPMorgan Chase CEO) is betting big on the technology behind ‘fraud’ bitcoin

  • JPMorgan Chase said Monday it is launching a blockchain-based system with two other banks to reduce global payment transaction speeds “from weeks to hours.”
  • On Friday, JPMorgan Chairman and CEO Jamie Dimon said he sees potential in blockchain, but said: “if you’re stupid enough to buy [bitcoin], you’ll pay the price for it one day.”
  • Blockchain creates a quick, permanent and transparent record of transactions, eliminating the need for third-party verification.

Dimon on bitcoin: If you’re stupid enough to buy it, you’ll pay the price one day from CNBC.

Is there fear in the banking industry OR is everyone else wrong?

 

Blockchain has tremendous momentum: Top payments analyst from CNBC.