Technical Analysis

If you wish to get underneath Jamie Dimon’s pores and skin, do that.

What actually bugs the CEO of one of many worlds greatest banks?

If you find yourself the CEO and Chairman of one of many largest banks on this planet, you get requested a whole lot of questions.   Individuals additionally take heed to what it’s a must to say. When you say the unsuitable factor, it would hang-out you.  

For Jaime Dimon, his historical past of feedback on bitcoin might be a subject he wished he by no means weighed in on.   

Marketwatch reported yesterday, that Dimon, talking at a Axios convention in LA on Tuesday, was requested to weigh in on bitcoin.  

Within the article, they report that again in January 2014, Dimon mentioned, 

“Bitcoin was a horrible retailer of worth”. 

Then in January 2016, he mentioned 

“Bitcoin goes nowhere” (Bitcoin was within the $100s on the time). 

In September 2017, he upped the ante by saying 

“Bitcoin is a fraud” when the digital foreign money was approaching $5000.  

A month later he mentioned, 

“I am not going to speak about bitcoin anymore” (worth was round $5500).

In January 2018 with the value at round $15,000, he commented that 

“I remorse making that remark” (about being a fraud).  

This week, he lastly lower to the chase by stating:

Typically, it doesn’t pay to remark about all the pieces. I get the sensation Jamie Dimons persistence on bitcoin is sporting a bit skinny.  

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