God Bless Bitcoin

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.