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JPMorgan CEO Jamie Dimon Still Thinks Bitcoin Is Worthless, Calls Government Regulation Inevitable

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3 years ago

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JPMorgan CEO Jamie Dimon Still Thinks Bitcoin Is Worthless, Calls Government Regulation Inevitable

JPMorgan Chase CEO Jamie Dimon has said in the past that he does not like Bitcoin, and now reiterated his views on the world’s most popular cryptocurrency, calling it “worthless.” Bitcoin’s impressive performance over the past few weeks seems to silence many critics, but Dimon strongly opposes that cryptocurrency is a serious investment.

Dimon also said that cryptocurrency as an asset class will be regulated by the government, and regulation is necessary. Dimon, who has been criticizing Bitcoin in the past, said: “I personally think Bitcoin is worthless. But I don’t want to be its spokesperson, I don’t care. It makes no difference to me.” In other words, the largest bank in the United States will Provide Bitcoin exposure to its customers, Dimon said in a brief speech at the annual International Finance Association event. “Our customers are all adults. They disagree.

This is how the market is formed,” Dimon said. “So if they want to buy bitcoin for themselves, we can’t keep it, but we can provide them with legal and clean access as possible.” The CEO of JPMorgan Chase has assured that given their high interest in cryptocurrencies, he can now provide investment options for customers who desire Bitcoin. This seems to be a major change in Jamie Dimon’s attitude. In 2017, the CEO of JPMorgan Chase claimed that he did not want any of his employees to trade Bitcoin, claimed that Bitcoin was a fraud “worse than a tulip bulb”, and even compared it to a “dumb” earlier this year. gold”.

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Despite Dimon’s sentiment, JPMorgan Chase began to provide its wealth management clients with access to encrypted assets in July 2021. The CEO’s comments also seem to have had an impact on Bitcoin’s bullish start to the week, closer than ever to record highs.

News Source : Gadgets 360

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

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2 months ago

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November 6, 2024

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.

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Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.

“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.

“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.

SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.

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On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.

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