{"id":17051,"date":"2023-01-29T13:34:42","date_gmt":"2023-01-29T13:34:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/jpmorgan-ceo-says-btc-is-fraudulent-a-pet-rock-bank-of-america-says-cbdcs-are-natural-evolution-bitcoin-com-news-week-in-review-the-weekly-bitcoin-news\/"},"modified":"2023-01-29T13:34:42","modified_gmt":"2023-01-29T13:34:42","slug":"jpmorgan-ceo-says-btc-is-fraudulent-a-pet-rock-bank-of-america-says-cbdcs-are-natural-evolution-bitcoin-com-news-week-in-review-the-weekly-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/jpmorgan-ceo-says-btc-is-fraudulent-a-pet-rock-bank-of-america-says-cbdcs-are-natural-evolution-bitcoin-com-news-week-in-review-the-weekly-bitcoin-news\/","title":{"rendered":"JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ \u2014 Bitcoin.com News Week in Review \u2013 The Weekly Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a \u201chyped-up fraud,\u201d and a \u201cpet rock.\u201d For it\u2019s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a \u201cnatural evolution of today\u2019s monetary and payment systems.\u201d This and more on inflation and the U.S. Federal Reserve\u2019s next moves, just below.<\/strong><\/p>\n

\"JPMorgan<\/p>\n

JPMorgan CEO Jamie Dimon Calls Bitcoin \u2018Hyped-up Fraud\u2019 \u2014 Expects Satoshi Nakamoto to Increase BTC<\/a> Supply Cap<\/h2>\n

JPMorgan Chase CEO Jamie Dimon calls bitcoin \u201ca hyped-up fraud.\u201d The executive questioned the cryptocurrency\u2019s supply cap, expecting a picture of bitcoin\u2019s pseudonymous creator Satoshi Nakamoto to pop up and laugh at us all when bitcoin\u2019s supply hits 21 million coins.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"JPMorgan<\/p>\n

Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Major Pivot<\/h2>\n

Morgan Stanley CEO James Gorman says two changes have happened recently that \u201creally matter\u201d to the economy. The executive explained that inflation has clearly peaked and China has made a \u201cmajor, major pivot\u201d economically.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"JPMorgan<\/p>\n

Bank of America: \u2018Digital Currencies Appear Inevitable\u2019<\/h2>\n

Bank of America says \u201cdigital currencies appear inevitable,\u201d adding that central bank digital currencies (CBDCs) and stablecoins are \u201ca natural evolution of today\u2019s monetary and payment systems.\u201d The bank expects \u201cprivate sector beneficiaries to emerge in all phases of CBDC implementation.\u201d<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"JPMorgan<\/p>\n

All Eyes on the Next Fed Meeting: Market Trajectories Hinge on Decision<\/h2>\n

Equities, precious metals, and cryptocurrencies have been on a tear during the last few weeks of 2023, and all eyes are now focused on the next Federal Open Market Committee (FOMC) meeting. Federal Reserve governor Christopher Waller recently said that he favors a quarter-point benchmark rate increase at the next FOMC meeting. Analysts believe that current market trajectories will be dependent on the outcome of the next Fed meeting.<\/p>\n

Read More<\/strong><\/a><\/p>\n

What are your thoughts on this week\u2019s stories? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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