-
Jamie Dimon Once Called Bitcoin a ‘Fraud.’ Now, JPMorgan Is Quietly Making Blockchain History
JPMorgan (JPM) CEO Jamie Dimon famously called Bitcoin (BTCUSD) a “fraud” in 2017 and spent years comparing it to pet rocks, suggesting that its primary purpose is to serve scammers and money launderers. At times, his comments have sunk the Bitcoin price, with many on Wall Street looking to Dimon as a “guru” on all things finance. Now though, his company’s under-the-radar moves show that not only has Dimon changed his tune – but that JPMorgan is betting the current selloff in crypto will be short lived. From Pet Rock to the Real Deal: Dimon started by admitting he was wrong on Bitcoin… or at least that ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Bitcoin ’s more than 30% drop from its record high underscores the volatility that has come to characterize the cryptocurrency. Moves from previous cycles not only show how the current price swings are all part of bitcoin’s normal operating pattern but also how they may often precede a rally, according to figures compiled by CoinDesk Data for CNBC. Bitcoin, ...
From morningstar.com | Dec 4, 2025
The comparison, put forward by global market strategist, Nikolaos Panigirtzoglou, was made after adjusting for bitcoin's more volatile nature and was just a "theoretical" comparison intended to demonstrate the upside the cryptocurrency has. After a 12% rebound from its November lows, bitcoin (BTCUSD) edged into positive territory for the year at $93,500 in ...
In the week ending November 29, the advance figure for seasonally adjusted initial claims was 191,000, a decrease of 27,000 from the previous week's revised level. This is the lowest level for initial claims since September 24, 2022 when it was 189,000. The previous week's level was revised up by 2,000 from 216,000 to 218,000. The 4-week moving average was ...
