Paul Hickey, co-founder of the BESPOKE Investment Group, broke the current instability in the market and discussed his current favorite investment opportunities on ‘Money Making Money’.
JP Morgan CEO Jamie Dimon Still not a fan of bitcoin, but he is not allowing his personal feelings to come in the way of business in the bank.
“When I look at the bitcoin universe, the system, misuse,” said on the company’s annual investor day in New York on Monday, seeing that bad actors can use it for sex trafficking and terrorism.
“I am not a fan.
JP Morgan Chase CEO Jamie Dimon speaks on Investor Day 5/19
On JP Morgan’s Investor Day, Dimon said that the bank will now allow customers to buy bitcoins, but that policy has not changed its views on cryptocurrency. (JP Morgan)
Bitcoin, biggest crypto From the market value, it is shy to its all -time high of $ 106,734.51, which arrived last year.
Dimon looks at high mortgage rates, blames
Dimon has been a critic of bitcoin for a long time, With these comments since 2021:
“I personally think that bitcoin is useless,” Dimon said while speaking at a virtual event organized by the Institute of International Finance. “But I don’t want to be a spokesperson for this, I don’t care. It doesn’t matter to me.” Dimon has also compared Crypto to “Phools Gold”.
Shares of JP Morgan Chase S&P is more than 10%better than 500, which is flat for the year.
In January 2024, Securities and Exchange Commission first greenlight Bitcoin exchange-traded funds, To inspire a sleiving to launch the firms themselves, the asset class became more accessible to both institutional and retail investors.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| I broke | Ishares Bitcoin Trust – USD ACC | 61.79 | +0.88 |
+1.44% |
| FBTC | Fidelity Wise Origin Bitcoin Fund – USD ACC | 94.91 | +1.40 |
+1.50% |
| GBTC | Grassscale Bitcoin Trust ETF – USD ACC | 85.73 | +1.24 |
+1.47% |
Get Fox Business when you click here
Ishares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin ETF and GrayScale Bitcoin Trust ETF is currently the largest amount by assets under management, as is traced by ETF.com.
