Jamie Dimon, CEO of JPMorgan, has declared to CNBC, 'This is the last time I’m talking about this with CNBC, so help me God,' as he compares Bitcoin to a 'pet rock' and expresses his frustration with the ongoing dialogue about the cryptocurrency. Despite his skepticism, data presented by @yassineARK, Director of Digital Assets, contradicts Dimon's description. Howard Marks of Oaktree Capital Management, speaking with @merrynsw on the Merryn Talks Money podcast, echoed Dimon's views, stating that Bitcoin and gold lack intrinsic value and are only worth what people are willing to pay for them, labeling investment in crypto as 'for fun' and in gold 'out of superstition'. Marks recommends high-yield bond funds as a safer investment option.
Jamie Dimon equates Bitcoin to Pet Rock; Howard Marks compares it with gold https://t.co/MMCd1utVFv
.@JPMorgan’s Jamie Dimon likened #bitcoin to a “pet rock” this week, emphasizing his skepticism despite growing institutional interest. https://t.co/zCTrHFhYg3
Howard Marks of Oaktree Capital Management critiques the value of Bitcoin and gold, recommending high-yield bond funds as safer investments https://t.co/o0pSyLvoov
You can invest in crypto for fun or gold 'out of superstition,' but both lack intrinsic value, says billionaire Howard Marks https://t.co/aEgXggUhvM
Bitcoin or gold? Oaktree’s @HowardMarksBook sees little difference He shares his views on crypto with @merrynsw on this week's Merryn Talks Money https://t.co/fUFYdnWdk6 https://t.co/fdI0onBH4D
Just like gold, Bitcoin is `only worth what people will pay for it,’ Marks says on the Merryn Talks Money podcast https://t.co/vIFR9qBgM7
Today, JPM’s Jamie Dimon called blockchain technology small, and added that bitcoin, a derivative of blockchain technology, is the equivalent of a “pet rock”. Data flies in the face of Jamie’s description, as @yassineARK, our Director of Digital Assets, highlights here! https://t.co/TsSDyTTyuk
What would Jamie Dimon do if he wanted to buy a lot of #bitcoin? He would go on CNBC and trash it. He would say it's going to zero. The price would dip, and he would buy. That's not illegal. https://t.co/JUTFYpOcNd
Bitcoin rhymes with "s***"coin. Just ask Jamie Dimon. Wait, don't. https://t.co/VUeOMmap70
Bitcoin Questions Wear Dimon Out: Stop Talking About This S***! “This is the last time I’m talking about this with CNBC, so help me God […] Blockchain is real. Bitcoin on the other hand is the pet rock […] I think we waste too many words on that." https://t.co/beVVpKvpUn