JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it an “exaggerated fraud” and a “pet rock.” For its part, Bank of America has said it views central bank digital currencies (CBDCs) and stablecoins as a “natural evolution of current monetary and payment systems.” Ripple’s CTO reveals the identity of Satoshi Nakamoto. Find the most important news of the week.
JPMorgan CEO Jamie Dimon calls bitcoin an “exaggerated fraud” and expects Satoshi Nakamoto to raise the cap on Bitcoin offerings
JPMorgan Chase CEO Jamie Dimon is calling bitcoin an “exaggerated fraud.” The executive questioned the crypto-currency’s supply cap, expecting a picture of bitcoin’s pseudo-creator, Satoshi Nakamoto, to appear and mock us all when the bitcoin supply reaches 21 million coins.
Robert Kiyosaki says ‘we are in a global recession’ – warns of soaring bankruptcies, unemployment and homelessness
Famed author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says we are in a global recession. Warning of soaring bankruptcies, unemployment and homelessness, he notes that there is good news for investors looking for “bargains“.
Bank of America: “Digital currencies seem inevitable”
Bank of America says “digital currencies seem inevitable,” adding that central bank digital currencies (CBDCs) and stablecoins are “a natural evolution of today’s monetary and payment systems.” The bank expects “private sector beneficiaries to emerge in all phases of CBDC implementation.”
Bitcoin: David Schwartz reveals the identity of Satoshi Nakamoto
Ripple’s CTO David Schwartz is still of the opinion that Satoshi Nakamoto, the creator of Bitcoin, is more of a collective than an individual.