Encrypted currency market value exceeds JP Morgan Chase

nRunaway Comment: Recently, the total market value of encrypted currency exceeded 370 billion US dollars, successfully overtaking JP Morgan Chase. But what’s interesting is that Jamie Dimon, chief executive of JPMorgan Chase, has been heavily criticizing bitcoin for Bitcoin all the time, and Bitcoin has now made him the object of laughter in cryptography. And JPMorgan, where he runs, has also started to become more involved in the area of ​​cryptocurrencies and blockchains, and it seems that Jamie Dimon is now the time to change attitudes and admit its own mistakes.n
nTranslation: Clovern
The total market value of cryptocurrencies today surpassed 370 billion U.S. dollars, surpassing the market capitalization of Morgan. Perhaps during Christmas, Jamie Dimon had to admit he was wrong.n
JPMorgan chief executive Jamie Dimon may be ready to bow his head to apologize. As all cryptocurrency lovers know, Dimon really loathes Bitcoin and seizes every opportunity it can to attack Bitcoin as much as possible. His grudging bitcoin over Bitcoin made him the object of laughter in the cryptography world. However, this poor man has finally changed its attitude, because now the market value of cryptocurrencies has exceeded the market value of JP Morgan Chase.n

Who laughed the last?n
According to CNBC, as of 6:50 am London time, the total market capitalization of all kinds of cryptocurrencies has reached a historical high of more than 370 billion U.S. dollars. This figure can be viewed on Coinmarketcap, very bright. In contrast, JP Morgan Chase’s total market value of 366.8 billion US dollars.n
Jamie Dimon commented on Bitcoin in October last year at the International Institute of International Finance:n
n”I do not care about Bitcoin’s trading partners, trading methods, trading reasons and counterparties, but if you really stupid to go to buy bitcoin, then you will pay for it one day.I also said that in bitcoin Before the transaction price drops to zero, it will reach 100,000 US dollars, and the transaction price during the period of the Tulip Bubble reached about 75,000 US dollars.n

Jamie Dimonn
Sweet retaliationn
It is interesting to see how Jamie Dimon’s attitude toward Bitcoin is inconsistent with his move to the largest U.S. bank. Although Jamie Dimon has been criticizing bitcoin, JP Morgan Chase has begun to increasingly participate in the field of cryptocurrencies and blockchain.n
Just yesterday, a JPMorgan chief strategist claimed that since the CBOE and CME are to open bitcoin futures exchanges, bitcoin is now a legitimate asset. Strategist Nikolaos Panigirtzoglou said:n
nAll in all, the potential launch of Bitcoin futures has the potential to escalate cryptocurrencies to emerging asset classes whose value depends on how extensive it is as a store of wealth and as a means of payment, and only on other wealth such as gold Storage to judge, cryptocurrency is likely to further increase from this point. “n
nOverall, the value of various cryptocurrencies continues to rise and is now expected to be a festive season. Bitcoin broke the $ 12,000 mark and IOTA soared 400% in just four days, making it the fourth-placed cryptocurrency market. As for Jamie Dimon, I believe he will continue to play the stingy character of Dickens’s Scrooge when it comes to bitcoin.n

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