[ad_1]
JPMorgan CEO Jamie Dimon has reaffirmed his alleged skepticism of bitcoin, recently calling it an “excessive scam”, and a “darling stone”. For its part, Bank of America said it views central bank digital currencies (CBDC) and stablecoins as “natural evolutions of the current monetary and payments system.” This and more about inflation and the US Federal Reserve’s next steps, right below.
JPMorgan CEO Jamie Dimon Calls Bitcoin a ‘Hyped-up Fraud’ — Expecting Satoshi Nakamoto to Increase BTC Supply Limit
JPMorgan Chase CEO Jamie Dimon called bitcoin an “over the top scam.” Executives questioned the limit on the supply of cryptocurrencies, expecting an image of bitcoin creator Satoshi Nakamoto to appear and laugh at us all when the bitcoin supply reached 21 million coins.
Read more
Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Major Pivot
Morgan Stanley CEO James Gorman said two changes had taken place recently that were “very important” for the economy. The executive explained that inflation had clearly peaked and China had made a “major pivot” economically.
Read more
Bank of America: ‘Digital Currency Seems Inevitable’
Bank of America said “digital currency seems inevitable,” adding that central bank digital currencies (CBDC) and stablecoins are “a natural evolution of the current monetary and payments system.” The bank expects “private sector beneficiaries to emerge in all phases of CBDC implementation.”
Read more
All Focus on Next Fed Meeting: Market Trajectory Depends on Decision
Equities, precious metals and cryptocurrencies have weakened over the last few weeks of 2023, and all eyes are now focused on the next meeting of the Federal Open Market Committee (FOMC). Federal Reserve Governor Christopher Waller recently said that he supports a quarter point hike in the benchmark interest rate at the next FOMC meeting. Analysts believe that the market’s current trajectory will depend on the outcome of the next Fed meeting.
Read more
What do you think of this week’s story? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, WikiCommons
Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation of a quote to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the authors are responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
[ad_2]
Source link