Important Remarks From The Bitcoin Billionaire

Mike Novogratz, a former key player on Wall Street and now a Bitcoin billionaire, made heavy accusations against JPMorgan CEO Jamie Dimon. Saying that Jamie Dimon is just a rent collector, Novogratz added:

Retired Wall Street macro fund manager Michael Novogratz said that JPMorgan Chase president Jamie Dimon has recently made public about Bitcoin. expressed his views on the comments he made. Dimon called Bitcoin a “fraud” and threatened to fire his staff who traded Bitcoin. Later, he said that the “idiots” who buy Bitcoin will pay for it.

In an interview with Bloomberg, Dimon has no choice but to underestimate Bitcoin as a banker.. The impending tide of cryptocurrencies will devastate the banking industry, according to former Wall Street guru.

Billionaire Novogratz, who holds 10% of his entire wealth in Bitcoin and Ethereum, said:

he will lose.”

Dimon’s publicly negative views on Bitcoin led to a general consensus that JP Morgan Chase is against cryptocurrencies. On the contrary, representatives of JPMorgan tried to pick up the situation, claiming that the bank accepts digital currencies.. JPMorgan spokesman Andrew Gray told Bloomberg that “Bitcoin is generally associated with cryptocurrencies or blockchain technology. It would be to oversimplify the matter.”. Novogratz is also establishing a $500 million Hedge Fund. 150 million dollars of this is his own money. He claims that the crypto money market will exceed a trillion dollars in 5 years.

Cryptocurrency dictionary: Cryptocurrency terms and their meanings