JPMorgan Chase CEO: Cryptocurrency has no intrinsic value, investment needs to be cautious - Aliens: AI Crypto News & Markets Updates

Feed

News

Live News

About

Advertise

Latest

Bitcoin

Ethereum

NFT

Gaming

Policy

Blockchain

Altcoins

JPMorgan Chase CEO: Cryptocurrency has no intrinsic value, investment needs to be cautious

PublisherPublisher
Aliens

Fri, Nov 26, 2021

Banner

Aliens TLDR

Jamie Dimon, CEO of the global investment bank JPMorgan Chase, reminded people to be careful when investing in cryptocurrencies. When asked whether young people should invest in cryptocurrency, he said, “I’m a skeptic. I mean blockchain is real if we use it for certain things. Parts of DeFi (decentralized finance) are real.”

However, he also pointed out that, "Cryptocurrency has no intrinsic value. You are basically buying a token. Why it has a lot of that I don’t know, and I think there’s so much speculation taking place in stocks and securities and crypto and stuff like that. I would be very careful."

Despite this, Jamie Dimon said he will defend the right of the people to invest how they please in a free country. "I will not do this," was his personal stance.

Read full article on Aliens appRead from Original Source

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

DeFi Data Network Unmarshal Doubles Down on Solana, Signs Key Advisor

Bangalore, India, 17th January, 2022, Chainwire since its launch in 2021, Unmarshal has continued to look for ways to improve its ecosystem to provide the best services to existing blockchains. Now in 2022, the DeFi network has added a key advisor, Brian D. Evans, to the team to strengthen the protocol.  Brian D. Evans is an Inc. 500 […]
CryptoGlobe
·

2h

defi

Recommended Stories

Article

DeFi Data Network Unmarshal Doubles Down on Solana, Signs Key Advisor

Article

Kryptomon’s treasure hunt game event ‘Walk-to-Earn’ returns

Article

Ethereum’s network revenue surged 1,777% in 2021 as average gas fee reached $26

Article

Himo World NFT metaverse gears up for IDO

Article

Ethereum, Dogecoin and Shiba Inu Chipping Away at Bitcoin's Crypto Payment Market Share

Article

Bitcoin price bound for another dip to $40,000

Article

Solana, Fantom, Axie Infinity Price Analysis: 17 January

Article

METABLAZE Announces Phase One of Its Emerging Metaverse Ecosystem Roadmap with Token Presale

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise