Technology
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”.
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
.jpg "Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3")
Early this week, renders of the Edge 50 Fusion appeared, and Motorola has previously stated that the Edge 50 Pro will ship on April 3. The highest-end smartphone in the Edge 50 series, the Edge 50 Ultra, has now been shown in renders.
The phone is depicted in the renderings in peach fuzz and black with a vegan leather finish, while sisal, a beige color, will have a brushed surface. As opposed to the Snapdragon 7 Gen 3 in the Pro variant and the Snapdragon 6 Gen 1 in the Edge 50 Fusion, the phone is reportedly powered by the Snapdragon 8s Gen 3 SoC.
A 50MP primary camera, an ultra-wide camera, and a periscope telephoto camera with a 5x optical zoom are all included in the Motorola Edge 50 Ultra’s feature set. Additionally, there is a triple LED flash on the right side and a laser autofocus feature above the periscope lens.
Although the phone’s display, battery, and charging specifications are yet unknown, the Edge 50 Pro is said to include 12GB of RAM and support both 50W and 125W wired and wireless charging.
It is anticipated that this will launch as the Motorola X50 Ultra in China. It is unclear if the India launch may be expected on the same day as the rest of the Edge 50 series phones, even if this is scheduled to go official on April 3.
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