• JPMorgan CEO Jamie Dimon has called bitcoin a „hyped-up fraud“ and a „pet rock.“
• Morgan Stanley CEO James Gorman says inflation has peaked and China has made a major pivot economically.
• Bank of America says digital currencies appear inevitable and sees private sector beneficiaries emerging in all phases of CBDC implementation.
The cryptocurrency market is on the rise and all eyes are focused on the next U.S. Federal Reserve meeting. Investors, traders, and market watchers are keeping a close eye on the developments and decisions that are expected to follow.
JPMorgan Chase CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin recently, calling it a „hyped-up fraud“ and a „pet rock.“ Dimon also questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and laugh at us all when bitcoin’s supply hits 21 million coins.
Morgan Stanley CEO James Gorman has observed two major changes in the economy that „really matter“. According to Gorman, inflation has clearly peaked and China has made a „major, major pivot“ economically.
Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a „natural evolution of today’s monetary and payment systems.“ The bank also expects „private sector beneficiaries to emerge in all phases of CBDC implementation.“
The decisions and developments that will follow the next U.S. Federal Reserve meeting will be watched closely by investors, traders, and market watchers. Equities, precious metals, and cryptocurrencies have been on a tear during the last few weeks of 2023, and the trends will be greatly affected by the decisions and developments that will follow the meeting.
The cryptocurrency market is on the rise and investors, traders, and market watchers are eagerly awaiting the next move from the U.S. Federal Reserve. JPMorgan Chase CEO Jamie Dimon has expressed his skepticism of bitcoin, calling it a „hyped-up fraud“ and a „pet rock.“ Dimon also questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and laugh at us all when bitcoin’s supply hits 21 million coins.
Morgan Stanley CEO James Gorman has identified two major changes in the economy that will greatly affect the market trajectory. According to Gorman, inflation has clearly peaked and China has made a „major, major pivot“ economically.
Bank of America has expressed its belief that central bank digital currencies (CBDCs) and stablecoins are „a natural evolution of today’s monetary and payment systems.“ The bank also expects „private sector beneficiaries to emerge in all phases of CBDC implementation.“
The decisions and developments that will follow the next U.S. Federal Reserve meeting will be of great importance to the market trajectory. All eyes will be on the Fed’s next moves and investors, traders, and market watchers are eagerly awaiting the results. The trends of equities, precious metals, and cryptocurrencies have been on the rise during the last few weeks of 2023, and the upcoming decisions and developments will have a great effect on their future trends.