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Who Cares What Jamie Dimon Thinks of Bitcoin?

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Ah, Jamie Dimon. One of the longest period skeptics of bitcoin, and one of probably the most constantly mistaken from a market perspective. Yesterday, the JPMorgan Chase CEO added new materials to his anti-bitcoin cannon and Bitcoin Twitter was extraordinarily fast to reply. Indeed, half of that response was coloured by basic bullishness as bitcoin skilled one other surge up previous $57,000. NLW explores Bitcoin Twitter’s response to Dimon’s feedback and appears at why many assume the present rally is being pushed by establishments, not retail.

See additionally: Market Wrap: Bitcoin All-Time High Expected, however Not Before a Pullback

“The Breakdown” is written, produced by and options NLW, with modifying by Rob Mitchell and extra manufacturing assist by Eleanor Pahl. Adam B. Levine is our government producer and our theme music is “Countdown” by Neon Beach. The music you heard immediately behind our sponsor is “Tidal Wave” by BRASKO. Image credit score: Justin Sullivan/Getty Images News, modified by CoinDesk.

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