1 year ago
JPMorgan CEO Jamie Dimon has reiterated his expected skepticism of bitcoin, precocious calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views cardinal slope integer currencies (CBDCs) and stablecoins arsenic a “natural improvement of today’s monetary and outgo systems.” This and much connected ostentation and the U.S. Federal Reserve’s adjacent moves, conscionable below.
JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap
JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The enforcement questioned the cryptocurrency’s proviso cap, expecting a representation of bitcoin’s pseudonymous creator Satoshi Nakamoto to popular up and laughter astatine america each erstwhile bitcoin’s proviso hits 21 cardinal coins.
Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Major Pivot
Morgan Stanley CEO James Gorman says 2 changes person happened precocious that “really matter” to the economy. The enforcement explained that ostentation has intelligibly peaked and China has made a “major, large pivot” economically.
Bank of America: ‘Digital Currencies Appear Inevitable’
Bank of America says “digital currencies look inevitable,” adding that cardinal slope integer currencies (CBDCs) and stablecoins are “a earthy improvement of today’s monetary and outgo systems.” The slope expects “private assemblage beneficiaries to look successful each phases of CBDC implementation.”
All Eyes connected the Next Fed Meeting: Market Trajectories Hinge connected Decision
Equities, precious metals, and cryptocurrencies person been connected a teardrop during the past fewer weeks of 2023, and each eyes are present focused connected the adjacent Federal Open Market Committee (FOMC) meeting. Federal Reserve politician Christopher Waller precocious said that helium favors a quarter-point benchmark complaint summation astatine the adjacent FOMC meeting. Analysts judge that existent marketplace trajectories volition beryllium babelike connected the result of the adjacent Fed meeting.
What are your thoughts connected this week’s stories? Let america cognize successful the comments conception below.
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