Home > News > JP Morgan: bitcoin scam or future? Wall Street bigwigs see it this way

JP Morgan: bitcoin scam or future? Wall Street bigwigs see it this way

publish time:2017-11-15 00:38:07 publisher:超级数字资产交易平台
       Bitcoin November 6th news, according to the U.S. financial website MarketWatch reported that encrypted currency has become a hot topic nowadays, Wall Street bigwigs seem to express their attitude towards encrypted money every day.
       Is bitcoin a fraud or a future? Is ICO just a scam? It depends on who you ask. One thing is for sure, that is, opinions are never lacking. Here are some of the heavyweights in the financial sector who have recently expressed their views on bitcoin:
       Goldman's chief executive, Bbe Fank Van (Lloyd Blankfein): "not willing to sniff at it."
       In an interview with Bloomberg Television, Bbe Fank Van said, "I feel uneasy about bitcoin because I'm uncomfortable with anything new."."
       He adds: "if we go into the future and bitcoin is successful, I'll be able to explain how it's a natural currency. I don't invest in it, but I don't want to sneer at it.

       In October 3rd a twitter, Mr Blankfein reminded skeptical of bitcoin people, and said, when the banknotes replace gold, elite market also expressed doubts on the once.
       This is his twitter content: "I'm still thinking about bitcoin. No conclusion, neither support nor oppose. You know, when paper money replaces gold, people have been suspicious of paper money.
       At the same time, Goldman Sachs is exploring the development of a new trading platform with bitcoin and its competitors trading as the core.
Credit Suisse CEO Didier Jan Thiam (Tidjane Thiam): the definition of bubble."
       In November 2nd, at a news conference in Zurich, Thiam said nothing about the encrypted currency.
       He said: "from what we can determine, the only purpose of buying or selling bitcoins today is to make money, which is the definition of speculation and the definition of bubbles."."
      JP Morgan chase CEO Jamie Dimon: "this is a scam."."
       Mr Dimon said in early September, bitcoin is not real, it is only a speculation, the United States does not need it."
       He also put the rapid rise of bitcoin in comparison with the enthusiasm for tulip bulbs in seventeenth Century (seen as a typical textbook bubble) and predicted that in the past year, investors of this centralized currency would face the same serious problem.
       Bitcoin will eventually collapse. This is a scam. "It's worse than tulip bulbs, and it doesn't have any good results," Damon said. He also said that if any JP Morgan chase trader foolishly trades bitcoin, he will dismiss it.
       His speech caused a stir, so that in the third quarter of the media earnings conference call, Dimon announced that he would not talk about bitcoin anymore.
He said, "I'm not going to put bitcoin at this level of world importance."

       Citigroup CEO Michael Kerr Bart (Michael Corbat): "very interested in block chain technology, not interested in encrypted currency."."
       In an interview with the Nikkei newspaper released in October 12th, Kerr Bart acknowledged the value of the block chain technology, but said he was not interested in the encrypted currency itself.
       "I never despise new things. But like many new things, its initial application may or may not be the final state. When we study bitcoin, we all believe and believe that its underlying technology, block chain technology, is very valuable. When I saw bitcoin, I was a little hesitant. What is it? Is it a currency? I don't think it is. Is it a speculative investment? I think it's more likely."
       Morgan Stanley CEO James Goleman (James Gorman): "it's not just a fashion."."
Goleman made this statement in late September, and he argued that the phenomenon of encrypted money was at least "a fashion"". I didn't invest. I talked to a lot of people. It's obviously speculative, but it's not a bad thing. This is the natural development result of the whole block chain technology."
       Some of the potential attractions of digital money, Goleman says, are the privacy protections it provides". He added, "it's interesting."".
       Berkhire Hathaway Inc CEO Warren Buffett (Warren Buffett): "this is a mirage."."
As early as 2014 (for bitcoin, like a century ago), Omaha prophet Buffett mentioned bitcoin on CNBC: "stay away from it.". It's basically a mirage. This is a mode of remittance. It's a very efficient way of sending money. You can do it anonymously. Checks are also a form of remittance. Are cheques worth a lot of money? Just because they can transfer accounts?"
       Many changes have taken place since 2014, but in an event with business students in October, Buffett reiterated his doubts: "you can't value bitcoin, because it's not value creating assets."." He adds that no one knows how far the bitcoin price will go, and describes it as "real bubbles."".
       UBS chairman Axel Webb (Axel Weber): only have the property of remittance currency."
       In October 4th, Webb said at a conference in Zurich: "I was often asked why I was so suspicious of bitcoin, which might be the background of my self as central bank governor."
       He said: "the important function of money is a means of payment, it must be generally accepted, and must be a storage of value, but also must be a remittance currency.".