Cryptocurrency Q&A
What did Dimon say about bitcoin?
What did Dimon say about bitcoin?
MountFujiMysticalView
Sat Jul 13 2024
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5 answers
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Could you elaborate on what Dimon's stance on Bitcoin is? I've heard varying opinions on his views, ranging from skepticism to outright criticism. Did he express concerns about its volatility? Did he mention its potential for illegal activities? Or perhaps he saw some merits in the digital currency? Clarifying his exact comments and the context behind them would be invaluable for understanding his perspective on this rapidly evolving financial technology. Could you summarize his key points and any qualifications he made in his assessment of Bitcoin?
5 answers
Maria
Mon Jul 15 2024
Specifically, he mentioned money laundering, fraud, tax avoidance, and even the payment for sex trafficking as examples of Bitcoin's illegitimate applications.
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WhisperInfinity
Mon Jul 15 2024
Dimon persisted in his critique of Bitcoin, remarking that "it does nothing."
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GliderPulse
Mon Jul 15 2024
He further described the digital currency as a mere "pet rock," emphasizing its perceived lack of practical value.
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DaeguDivaDanceQueen
Mon Jul 15 2024
However, Dimon soon qualified his earlier statement, acknowledging that Bitcoin indeed served some purposes.
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Martina
Mon Jul 15 2024
Unfortunately, he claimed, these uses were all illicit in nature.
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