U.At present – Well-known US whistleblower Edward Snowden takes to the X/Twitter platform to say a bit bit about his latest criticism of JPMorgan CEO Jamie Dimon, which was shared at Davos. criticized.

General, Snowden was not the one Bitcoiner within the Bitcoin group to react to this on Twitter. Michael Saylor and Samson Mo had been amongst those that commented on Dimon's anti-Bitcoin feedback.

Snowden criticizes JP Morgan CEO Dimon for “transformation''

Snowden's response when he observed that Dimon's criticism of the world's main cryptocurrency had modified dramatically was one in every of shock. Snowden says J.P. Morgan CEO has remodeled, talked about BTC and Bitcoin, stated he's more durable than earlier than after the Securities and Alternate Fee permits the Wall Avenue monetary large to begin buying and selling spot-based Bitcoin exchange-traded funds. He tweeted that he began criticizing Bitcoin. He says he’s “not involved” about it.

The SEC lastly issued approval for the product earlier this month after years of rejecting makes an attempt to launch a spot bitcoin ETF and approving a futures bitcoin ETF only a few years in the past. Firms which have utilized to launch spot BTC merchandise embody BlackRock (NYSE:), Ark Make investments, VanEck, and Constancy.

Dimon criticizes Bitcoin at Davos

In the course of the annual WEF occasion in Davos, Dimon advised the hosts of CNBC's “Squawk Field” that Bitcoin, not like different cryptocurrencies, “does nothing” and is a “pet” on the blockchain. He stated he believed it to be “Rock.”

Michael Saylor, the top of MicroStrategy, posted a sarcastic tweet about Dimon, saying he needed Bitcoin to be one thing apart from permitting individuals to personal one thing that they may “commerce with one another” with out worry of debasement or theft. He referred to it as a “pet rock” that “does nothing.” ”

Some imagine Mr. Dimon merely fears Bitcoin's potential to disrupt your entire banking system. Nonetheless, Samson Mo believes that Bitcoin doesn’t want to try this as many giant banks within the US and different nations have already adopted Bitcoin and began providing BTC companies to their prospects. .

Dimon additionally stated that other than his ordinary criticisms of Bitcoin's use instances being felony exercise, cash laundering, and tax evasion, he additionally has doubts about Bitcoin being restricted to 21 million cash. Nonetheless, he says this eliminates the shortage nature that Bitcoin lovers love. .

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