Breaking News
eToro CEO: Response to Jamie Dimon’s Comments on Bitcoin
In response to Jamie Dimon’s comments on Bitcoin, Yoni Assia, Co-founder and CEO of eToro said:
“Most large financial institutions are well on the road to accepting the enormous potential of blockchain technology, and many have invested significant sums in research, product development, and directly in cryptocurrencies.
“Blockchain technology and cryptocurrencies have the potential to sweep away all of today’s incumbent financial institutions. We shouldn’t be surprised that this threat sparks extreme reactions from the industry’s top insiders.
“The reality is that eToro and JP Morgan both understand that blockchain technology and smart contracts are the future. In the next 20 years we can expect all financial assets to move over to the blockchain. Big institutions such as JP Morgan will need a plan if they are to avoid being a casualty of the financial revolution.
“Jamie Dimon’s comments were specifically about Bitcoin. Blockchain might be the big disruptive idea, but Bitcoin itself is a disruptive threat to the big banks. Bitcoin has a different utility from government and bank issued fiat currency. It’s popularity amongst investors over the last year is directly linked to increasing understanding of this real-world utility.”
- MyGuava and Crystal Palace Football Club Launch Exciting Fan Payment Cards and Rewards Read more
- McCarthy Hatch Unveils FSAi Risk Engine; New Report Highlights Elevated Risk Surrounding Auto Loan Origination and Servicing Read more
- iCapital® to Acquire AltExchange to Enhance Data Management Capabilities Read more
- MiFinity Appoints Linus McDonnell as Chief Innovation Officer to Drive Vision and AI Expansion Read more
- Axal Secures $2.5M in Pre-Seed Funding to Forge Verifiable Agent Network Read more