1 year ago
Galaxy Digital CEO Mike Novogratz says JPMorgan CEO Jamie Dimon has been proven incorrect astir bitcoin. “I deliberation it’s ultimate arrogance to deliberation helium knows what has worth but each the remainder of the radical don’t,” said Novogratz aft the JPMorgan enforcement slammed bitcoin arsenic being utilized by criminals, emphasizing that helium would unopen it down if helium were the government.
Jamie Dimon ‘Keeps Being Wrong’ About Bitcoin, Says Novogratz
Galaxy Digital CEO Mike Novogratz fiercely criticized JPMorgan CEO Jamie Dimon’s caller remarks astir bitcoin and cryptocurrency. The JPMorgan brag said during a legislature proceeding earlier this week that helium would adjacent down crypto and bitcoin if helium were the government, claiming that they are chiefly utilized by criminals, cause traffickers, wealth launderers, and taxation evaders.
Expressing his sentiment that Dimon is incorrect astir bitcoin, Novogratz stated:
He keeps doubling down and helium keeps being wrong.
The Galaxy Digital main proceeded to constituent retired that galore of Dimon’s ain clients and immoderate of the wealthiest radical successful the U.S. judge successful bitcoin, including Fidelity Investments CEO Abigail Johnson, famed capitalist Stanley Druckenmiller, and Bridgewater Associates laminitis Ray Dalio. Novogratz said they are “big, large investors” who “believe that bitcoin is simply a store of value.”
Novogratz further shared that his firm’s clients judge successful bitcoin, stating: “We spot it successful our lawsuit base. Our trading table has been engaged with hedge funds buying. We spot it successful institutions buying. So, I don’t cognize wherever Jamie gets disconnected reasoning he’s smarter than each those guys.” He stressed:
I deliberation it’s ultimate arrogance to deliberation helium knows what has worth but each the remainder of the radical don’t.
“And rather frankly he’s conscionable been proven wrong. Bitcoin has mode outperformed JPMorgan’s banal implicit 1 year, 5 years, 10 years — you sanction the period. People astir the satellite judge successful this, and they judge successful the community’s ecosystem. They spot governments spending excessively overmuch money, not conscionable present successful the U.S. but everywhere, and deliberation you are going to debase fiat currency,” Novogratz described. He besides cited Blackrock CEO Larry Fink stating that helium expects to spot bitcoin successful each portfolios.
Do you hold with Mike Novogratz that it’s ultimate arrogance for JPMorgan CEO Jamie Dimon to deliberation helium knows what has worth but each the remainder of the radical don’t? Let america cognize successful the comments conception below.
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