JPMorgan

Jamie-Dimon-Slams-Crypto-Tokens
JP Morgan Execs Make Opposing Statements on Crypto

JP Morgan CEO Jamie Dimon claims cryptocurrencies are decentralized Ponzi schemes. Global Head of Payments Takis Georgakopoulos revealed that they are seeing a decline in the use of crypto for payments. Head of Global Operations Marko Kolanevic believes crypto will rally in 2023 alongside stocks. JP Morgan executives have made strong — and albeit contradictory statements — about cryptocurrency in the last couple of days alone. On one side of the ring, CEO Jamie Dimon blasted cryptocurrency, claiming that it is nothing short of a decentralized Ponzi scheme. In congressional testimony last January 21, Dimon said that he remains a

JPMorgan Predicts Limited Upside for Crypto Markets
JPMorgan Predicts Limited Upside for Crypto Markets

JPMorgan said the drop of stablecoins’ share in the total crypto market will result in limited upside for crypto prices. According to the bank, the share of stablecoins in the total crypto market has fallen from 7% to 10%. People consider stablecoins as cash on the sidelines for buying cryptocurrencies. Global investment bank JPMorgan Chase & Co. warned through Insider that people could expect further upside in crypto markets to be limited. Their projection came from the relationship of stablecoins and the rest of the crypto market.  JPMorgan recognized the share of stablecoins in the total cryptocurrency market value as