Bitcoin Doesn’t Have Value, JPMorgan CEO Claims Ahead Of ETF Approval

Bitcoin Doesn’t Have Value, JPMorgan CEO Claims Ahead of ETF Approval
With the impending launch of a spot Bitcoin ETF product, JPMorgan CEO, Jamie Dimon says BTC does not have any value
By Godfrey Benjamin

Jamie Dimon JPMorgan CEO
Ahead of the spot Bitcoin ETF approval, Jamie Dimon, the Chief Executive Officer (CEO) of JPMorgan Chase & Co has voiced his criticism over the digital currency once again.

Despite Potential Spot Bitcoin ETF Launch, Dimon Claims BTC Has no Value
Speaking in an interview with Fox Business, Jamie Dimon said Bitcoin does not have any value, noting that he does not care what other people do with the coin.

“I don’t care what other people do with Bitcoin,” Dimon said in the interview. “But … the actual use cases are sex trafficking, tax avoidance, anti-money laundering, terrorism financing; it’s not just people buying and selling bitcoin. There’s no value if you’re buying and selling bitcoin.”

This criticism is coming at a time when the biggest value is about to be attached to the premier digital currency through the approval and potential launch of a spot Bitcoin ETF. Should this approval come today as expected, Bitcoin will gain the same status as many mainstream financial assets.

This latest criticism of Bitcoin is coming at a time when JPMorgan has been tapped to play a key role in the BlackRock iShares Bitcoin Trust as an ‘Authorized Participant (AP)’. As one of BlackRock’s APs, JPMorgan will be at the forefront of issuing, redeeming, and maintaining the market efficiency for the spot Bitcoin ETF shares.

This implies that the firm will be a major beneficiary of the impending Bitcoin market boom, a position that directly antagonizes the core tenets of Jamie Dimon holds to heart. Besides Jamie, other critics have called out Bitcoin and the soon-to-be-launched ETF product as a product designed to exploit the masses.

#ETFsApproval #JP_Morgan $BTC

JPMorgan: Bitcoin Surpasses Gold as Investors' Portfolio Allocation Choice.

According to JPMorgan, given the recent influx of funds into Bitcoin ETF compared to gold ETF, the allocation towards Bitcoin is more than 3.7 times greater than that towards gold. #BTC #GoldETFs #JP_Morgan

JPMorgan CEO:”I Myself will never buy Bitcoin”😆! 'Cause when JP Morgan buys, it's already enough, 😂! #BTC #JP_Morgan #Write2Earn‬

‼️‼️SON DAKİKA HABERİ:

🚨JPMorgan CEO'su Jamie Dimon:
Tek tavsiyem şudur; Bitcoin’e bulaşmayın. Bir daha da Bitcoin hakkında konuşmayacağım.

$BTC #JP_Morgan #newsTrading #BTC-ETF. #BinanceVote

🚨 Market Alert: Potential Correction Ahead! - JPMorgan's Warning 🚨

The recent announcement from financial giant #JP_Morgan suggesting that #Bitcoin is overbought could signal a looming market correction. 📣

Overbought conditions often indicate that asset prices have surged excessively, potentially paving the way for a pullback.🚀

Here are key considerations to bear in mind:🚀🎁

1. **Market Impact:** JPMorgan's stance holds sway over investor sentiment and actions, possibly prompting profit realization and readiness for a correction among some investors.

2. **Analytical Approach:** While overbought signals can signal caution, not every instance guarantees a significant price drop. It's vital to assess market conditions alongside fundamental and technical factors.

3. **Long-Term View:** Short-term fluctuations may pale in comparison to Bitcoin's long-term value proposition, shaped by factors like supply limitations, adoption rates, regulations, and broader economic trends.

4. **Investment Strategy:** Investor responses to potential corrections vary based on risk appetite, objectives, and timeframes. Some may perceive dips as buying opportunities, while others may opt for defensive measures. JPMorgan's remarks serve as a catalyst for investors to reassess their strategies and market outlook.🎁

Stay tuned for updates as market dynamics evolve. #HotTrends #ETH #BTC 📉🔍☄️

The cryptocurrency AVAX, of the Avalanche blockchain, has surged to $38, becoming the 10th largest cryptocurrency by market cap.

AVAX has experienced a growth of over 60% in the past week and has reached a market cap of $12.9 billion.

The recent surge in AVAX's price has been driven by partnerships with major financial institutions such as JP Morgan and Citi.

#BinanceTournament #Avalanche #partnerships #JP_Morgan #Citi