Top Investment CEO Shocked By Jamie Dimon Bitcoin Comments: “Major…


By Mac Slavo


btc-global



Last week saw some tumultuous moves in Bitcoin and the crypto currency market in general following news that China would be cracking down on ICO’s (Initial Coin Offerings) purportedly in an effort to prevent fraud and capital flight. Just days prior to these announcements, JP Morgan chief Jamie Dimon publicly said that Bitcoin is a fraud and that anyone in his firm caught trading the digital currency would be terminated. By the end of the week, it was revealed that not only were people not being fired at JM Morgan, but they were actively buying the crypto on European exchanges.


This begs the question: Was Jamie Dimon simply “talking his book” by attacking Bitcoin and other crypto currencies so that his firm could load up after the price dropped some 35% from its all-time highs? Either that, or Dimon clearly understands the threat it poses to the banking sector as it exists today, including the profits from their multi-billion dollar customer fee structures .


According to Frank Holmes, who is the head of top advisory firm U.S. Global Investors and recently appointed as the Chairman of the first publicly traded blockchain mining company Hive Blockchain Technologies, blockchain stands to completely uproot the entire banking sector. Holmes highlights that, while Dimon is talking about Bitcoin being a fraud, large bank consortiums in South Korea, Japan and even here in the United States are exploring how the technology can improve their businesses and keep them competitive as this emerging technology takes hold globally:


Jamie Dimon’s comments surprised me… Bitcoin has woken up the significance of blockchain technology… and Ethereum comes along with smart contracts on the blockchain… and this is so significant because this is basically going to uberize banking… it’s going to be such a big benefit that the major banks are all spending billions of dollars to get into blockchain…

So for him to go and say that was really shocking to me.


His full interview with SGT Report follows:



In addition to lower banking fees and fewer customer headaches on blockchain’s decentralized network, Holmes says that the blockchain, like the internet, will change humanity for the better:


Last week there was a huge energy conference in Houston supported by major energy companies…the whole idea is using this encryption… this blockchain technology for securing energy information.

And then there’s another one taking place for healthcare… if you think of Medicare and all the bureaucracy that goes on there… when you put it on blockchain they can drive down the costs, which would be a benefit for the government and a benefit to individuals.

So there’s other ways that this can show up in saving humanity that’s so important.

The other fact is that it’s decentralized… When you buy with Mastercard or Visa they control the processing of each transaction… whereas the verification of blockchain is by millions of people.

That concept is really catching hold with not just investors, but around the world…

What we’ve seen with Bitcoin and Ethereum is

Read more here:: Top Investment CEO Shocked By Jamie Dimon Bitcoin Comments: “Major Banks Are All Spending Billions Of Dollars To Get In On Blockchain”

      

170 thoughts on “Top Investment CEO Shocked By Jamie Dimon Bitcoin Comments: “Major…

  1. Dear you are comprehensive in your thoughts. I have made something for guys to find their life partner. Please check my blog and share with people who need this guide.

  2. I spent four years trying EVERYTHING in Online Dating, and through a huge amount of trial and error, I produced a system that I will share for you. This book will take you, step by step, through everything you need to know to double, triple or even quadruple the number of women you meet online.

  3. I travel all around the world for work, and it used to be really lonely. Now I can go onto Tinder and have a date lined up in a new city before I even get out of the airport!

  4. Greetings from Idaho! I’m bored to death at work so I decided
    to check out your site on my iphone during lunch break. I love the knowledge you
    present here and can’t wait to take a look when I get home.
    I’m shocked at how quick your blog loaded on my phone ..
    I’m not even using WIFI, just 3G .. Anyways, superb site!

  5. Undeniably believe that that you stated. Your favorite
    reason appeared to be on the web the simplest factor to take
    into accout of. I say to you, I certainly get annoyed while other folks think about
    concerns that they plainly don’t realize about. You controlled to hit the
    nail upon the highest and also defined out the whole thing with no need side effect , people can take a signal.

    Will likely be again to get more. Thanks

  6. Ahaa, its pleasant conversation on the topic of this article at this place at this blog,
    I have read all that, so at this time me also commenting here.

  7. I will immediately grab your rss feed as I can not to find your email subscription hyperlink or e-newsletter service. Do you have any? Please permit me recognize in order that I may subscribe. Thanks.

  8. It is appropriate time to make some plans for the future and it’s time to be happy.
    I’ve read this post and if I could I want to suggest you few interesting things or tips.

    Perhaps you can write next articles referring to this article.
    I want to read even more things about it!

  9. I really love your website.. Excellent colors & theme. Did you make this web site yourself?
    Please reply back as I’m hoping to create my own personal site and would like to learn where you got this from or just what the
    theme is called. Appreciate it!

  10. Ahaa, iits fastidjous diapogue regarding thios pece of wriuting att this placee aat this website, I havve read alll that,
    soo at thius timme mme aso commenting here.

  11. Ahaa, its fastidious discussion regarding this article at this place
    at this webpage, I have read all that, so at this time me also commenting
    here.

  12. Thanks for another informative site. The place else may just I am getting that kind of information written in such a perfect approach? I have a project that I am simply now running on, and I have been on the glance out for such information.

  13. I have been surfing online more than 4 hours today, yet I never found any interesting article like yours.
    It is pretty worth enough for me. In my opinion, if all
    website owners and bloggers made good content as you did, the net will be much more useful than ever before.

  14. Howdy! I know this is kinda off topic but I’d figured I’d ask.
    Would you be interested in trading links or maybe guest
    writing a blog article or vice-versa? My website discusses a lot of the same
    subjects as yours and I think we could greatly benefit from each other.
    If you’re interested feel free to shoot me an e-mail.

    I look forward to hearing from you! Excellent blog by the way!wholesale jerseys from China

  15. I’ve been browsing online more than 3 hours today, yet I
    never found any interesting article like yours.
    It is pretty worth enough for me. In my opinion, if all website owners and bloggers made good content as you did, the internet will be a lot more useful than ever before.

  16. Ahaa, its nice conversation on the topic of this paragraph at this place at this blog, I have read
    all that, so at this time me also commenting here.

  17. I seriously love your website.. Great colors & theme.
    Did you build this amazing site yourself? Please reply
    back as I’m planning to create my own site and would love to know where you
    got this from or exactly what the theme is called. Many thanks!

  18. These days of austerity in addition to relative anxiousness about getting debt, many people balk about the idea of using a credit card in order to make purchase of merchandise or pay for any gift giving occasion, preferring, instead to rely on the particular tried in addition to trusted way of making payment – cash. However, if you have the cash on hand to make the purchase entirely, then, paradoxically, that is the best time to be able to use the cards for several good reasons.

  19. I’ve been browsing online more than 2 hours today, yet I never found any interesting
    article like yours. It is pretty worth enough for me. Personally, if all site owners and bloggers
    made good content as you did, the internet will be much
    more useful than ever before.

  20. Greetings from California! I’m bored at work so I decided
    to check out your site on my iphone during lunch break.
    I love the information you provide here and can’t wait to take a look when I get home.
    I’m shocked at how quick your blog loaded on my phone
    .. I’m not even using WIFI, just 3G .. Anyhow, wonderful blog!

  21. I’ve been browsing on-line more than three hours today, but
    I never discovered any attention-grabbing article like yours.

    It is lovely price sufficient for me. In my view, if all site owners and bloggers made excellent content material as you did,
    the internet can be much more helpful than ever before.

  22. I’ll right away clutch your rss as I can not find your
    e-mail subscription hyperlink or newsletter service. Do you’ve any?
    Please let me recognize in order that I could subscribe.

    Thanks.

  23. I needed to thank you for this very good read!!
    I absolutely loved every bit of it. I have you saved as a favorite to check out new things
    you

  24. Ahaa, its fastidious discussion about this piece of writing here at this webpage, I have
    read all that, so now me also commenting here.

  25. I will immediately seize your rss as I can not find your email subscription link or newsletter service.
    Do you have any? Kindly allow me know so that I may subscribe.
    Thanks.

  26. It’s perfect time to make some plans for the future and it is time to be happy.
    I’ve read this post and if I could I want to suggest you few interesting things or tips.
    Maybe you can write next articles referring to this article.

    I wish to read even more things about it!

  27. It is appropriate time to make some plans for the future and it’s
    time to be happy. I have read this post and if I may I wish to recommend you few
    attention-grabbing things or tips. Maybe you could write next articles
    regarding this article. I want to read even more issues approximately
    it!

Leave a Reply

Your email address will not be published.