JPMorgan CEO tolerates bitcoin

[melinoe]

We want crypto to be used. It's better for us if more ppl & companies promote crypto. Banks owners have decided they can't stop their customers getting interested in crypto so they'll try to make it easy for them.

Not only that, but mostly to get profits from such an activity too It's about utilizing what is rising currently, everywhere: crypto is becoming mainstream, and institutions are trying to adapt to it (some of them, at least)..

[blog7]

This is a significant step toward mainstream adoption—Jamie Dimon’s decision to let JPMorgan clients buy Bitcoin, even without offering custody, shows growing institutional acceptance of crypto as a legitimate asset class.

[aoluain]

Its amazing to see the once ferocious critic of Bitcoin come out and making that statement.

I'm taking it that there is a big demand from their clients to buy Bitcoin.

This also proved that Bitcoin has proved all naysayers wrong, all the negativity and hate from
the past has been proven incorrect.

This mve is also another step in Bitcoin adoption and normalisation of the Bitcoin generally.

[hero_the_bossman]

Its amazing to see the once ferocious critic of Bitcoin come out and making that statement.

I'm taking it that there is a big demand from their clients to buy Bitcoin.

This also proved that Bitcoin has proved all naysayers wrong, all the negativity and hate from
the past has been proven incorrect.

This mve is also another step in Bitcoin adoption and normalisation of the Bitcoin generally.

I do hope more of such cases to come, however, it's all about seeing the potential in BTC - the pros should outweigh the cons for them, and slowly but surely, it happens, one after another.

[dumpsterhawk]

This is a significant step toward mainstream adoption—Jamie Dimon’s decision to let JPMorgan clients buy Bitcoin, even without offering custody, shows growing institutional acceptance of crypto as a legitimate asset class.

He did not really make a decision to do this, he was forced to do it. If he didn't do it, he probably would lose his job.

I do hope more of such cases to come, however, it's all about seeing the potential in BTC - the pros should outweigh the cons for them, and slowly but surely, it happens, one after another.

It is business, they don't really care what Bitcoin really brings to the table otherwise they would have taken a more favorable stance towards it in public.

[Cookdata]

Its amazing to see the once ferocious critic of Bitcoin come out and making that statement.

I'm taking it that there is a big demand from their clients to buy Bitcoin.

This also proved that Bitcoin has proved all naysayers wrong, all the negativity and hate from
the past has been proven incorrect.

This mve is also another step in Bitcoin adoption and normalisation of the Bitcoin generally.

Rich men careless about the utility use of Bitcoin. Go check all institutional investors that has poured in Billions of dollars into Bitcoin, they did it not because they see Bitcoin as some revolutionary thing, that’s what they say but the real interest is the wealth Bitcoin has given some people over the years is what interested them, they are all wanting the utility so the usage can increase which can make Bitcoin price to go higher, that’s all they know about Bitcoin.

No hating, everyone does likes money after all but if you ask Micheal Saylor if they are running nodes and mining Bitcoin, the chance of No is 99% but see the amount they are investing in Bitcoin every time, they careless about Bitcoin, it’s the wealth they understand and that’s what JOmorgan doesn’t want to miss out. How are you going to feel when you counterpart are making billions of dollars from giving motivational talks about Bitcoin, you will definitely follow the trend too you but I don’t see it as bad but at the same doesn’t make them like Bitcoin the way they present it.

[Wind_FURY]

JPMorgan CEO tolerates bitcoin

Wasn't there a saying by Mahatma Gandhi that Bitcoiners used to quote during the last bull market cycle?

"First they ignore you, then they laugh at you, then they fight you, then you win".

I believe Jamie Dimon's "toleration" of Bitcoin is absolutely an indicator that Bitcoin actually won. Are we going go see Warren Buffett change his opinion of Bitcoin being Rat Poison? That would be another win for Bitcoin.

[dumpsterhawk]

Wasn't there a saying by Mahatma Gandhi that Bitcoiners used to quote during the last bull market cycle?

"First they ignore you, then they laugh at you, then they fight you, then you win".

I believe Jamie Dimon's "toleration" of Bitcoin is absolutely an indicator that Bitcoin actually won.

Yes, but we are not there yet. Only when Bitcoin is widely adopted by corporations and governments as a reserve, have we reached the last stage where you can say we have completely won.

Are we going go see Warren Buffett change his opinion of Bitcoin being Rat Poison? That would be another win for Bitcoin.

Warren Buffet is the rat poison of the society, it is time for him to die and everyone will be better off. We don't need an opinion change from that old quack.

[Wind_FURY]

Wasn't there a saying by Mahatma Gandhi that Bitcoiners used to quote during the last bull market cycle?

"First they ignore you, then they laugh at you, then they fight you, then you win".

I believe Jamie Dimon's "toleration" of Bitcoin is absolutely an indicator that Bitcoin actually won.
 

Yes, but we are not there yet. Only when Bitcoin is widely adopted by corporations and governments as a reserve, have we reached the last stage where you can say we have completely won.

That's another debate for another topic because Bitcoin having "actually won" might be a never-ending journey. BUT from the viewpoint of having won against Jamie Dimon, I believe it has won especially after the things he said about Bitcoin.

Are we going go see Warren Buffett change his opinion of Bitcoin being Rat Poison? That would be another win for Bitcoin.

Warren Buffet is the rat poison of the society, it is time for him to die and everyone will be better off. We don't need an opinion change from that old quack.

I do need it, for my personal enjoyment.

[hopenotlate]

Seems like Bitcoin doesn't need Jamie Di(e)mon but Jamie Di(e)mon needs Bitcoin.
He is unable to keep his word, what a clown.

[Ishicryptic]

“I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin,” he said

So what he means here is that he still don't think you should engage in Bitcoin but he supports people's rights to do so. That's a typical business man quotes.
But really we don't need him to defend our rights in any way infact banks getting involved in crypto-currency may leave a dent in the anonymity, privacy and decentralized nature of Crypto-currency.
And even if that was the only way to buy Bitcoin I won't definitely patronize JP Morgan because chances of things going wrong a high because their CEO still has resentment against Bitcoin. Everyone has to be careful out there.

The case of JP Morgan tolerating Bitcoin is not surprising, it's like what they say "if you can't beat them you join them" their CEO clearly don't have much choice because Bitcoin has gone mainstream. I won't be too surprised if Jamie Dimon, comes out tomorrow to sing the praises of Bitcoin like other notable haters have done but I guess that his pride won't let him to openly give Bitcoin a deserving thumbs up. He is a business man and he knows that investors now knows the potentials of Bitcoin so won't like to be left behind. Bitcoin is decentralized and left for me alone I don't think that I will like to affiliate mine with any banks or centralized institutions, except to convert it in a CEX.

[Wind_FURY]

Seems like Bitcoin doesn't need Jamie Di(e)mon but Jamie Di(e)mon needs Bitcoin.
He is unable to keep his word, what a clown.

Although it's laughable, we don't need to have self-assured hubris. We need to stay humble, and keep stacking those sats if you're still in the accumulation phase of your Bitcoin journey.

We should probably welcome people like Jamie Dimon if they'e truly sincere in their acceptance of Bitcoin. Chad Saylor thought negatively of Bitcoin during the early days, but currently has become one of its biggest investors and most popular Evangelists.