2024

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://x.com/Snowden/status/1767342965792387259?s=20" rel="noopener noreferrer nofollow">Edward Snowden</a> has taken aim at Jamie Dimon, the CEO of JPMorgan Chase, over his recent remarks regarding Bitcoin, sparking a heated debate in the financial world. Dimon's comparison of the leading cryptocurrency to cigarette smoking has drawn widespread attention and criticism.
In a speech at the business summit, Dimon voiced his skepticism about Bitcoin's utility, citing concerns about its association with illicit activities. While he acknowledged the right of individuals to invest in Bitcoin, the executive emphasized that he personally would not put his money in it.
Snowden, the infamous whistleblower and advocate for privacy rights, did not hold back in his response to Dimon's comments. Without directly addressing Dimon, Snowden remarked on Twitter about the irony of large financial institutions like&nbsp;<a href="https://u.today/jpmorgan-compares-bitcoin-to-smoking-cigarettes" rel="noopener noreferrer nofollow">JPMorgan</a> potentially entering the Bitcoin market after its recent surge to all-time highs. He suggested that Dimon's reluctance to invest in&nbsp;<a href="https://u.today/1-million-bitcoin-advocate-samson-mow-says-price-run-not-even-started-yet" rel="noopener noreferrer nofollow">BTC</a> personally while his firm might be considering it reflected a contradiction.
<blockquote>
 jp morgan ceo admits that yes of course his gigantic firm will be buying bitcoin now that it achieved fresh all-time highs while he sat on the sidelines pouting, but, he counters, "it doesn't count!" and "i'm not owned! i'm not owned!" because he is not "personally" buying it. <a href="https://t.co/F5NdeV59Dm" rel="noopener noreferrer nofollow">https://t.co/F5NdeV59Dm</a>— Edward Snowden (@Snowden) <a href="https://twitter.com/Snowden/status/1767342965792387259?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 12, 2024</a>
</blockquote>
<h2 dir="ltr" id="bitcoin-price-at-all-time-high">Bitcoin price at all-time high</h2>
Meanwhile,&nbsp;<a href="https://u.today/no-failed-rally-in-bitcoin-btc-says-legendary-trader-john-bollinger" rel="noopener noreferrer nofollow">Bitcoin</a> continues its remarkable ascent, with its price reaching yet another milestone of $72,250. This surge represents a significant 4.79% increase since the beginning of the week, contributing to an overall growth of over 71% since the start of 2024.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="793af2f3-6b76-46af-8c77-d7c80b19843f" src="https://u.today/sites/default/files/inline-images/bitcoinprice_2.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
With its market capitalization now standing at a staggering $1.4 trillion, Bitcoin's dominance on the cryptocurrency market remains unchallenged.
The juxtaposition of Dimon's skepticism and Bitcoin's soaring value underscores the evolving landscape of the financial industry. While traditional banking institutions like JPMorgan Chase grapple with the emergence of digital assets, Bitcoin's unprecedented growth signals a seismic shift in investor sentiment.

Snowden Roasts JP Morgan CEO Over Bitcoin Price and Purchases

Table of Contents

U_Today

Other articles published on Mar 12, 2024

Mudrex to introduce U.S. spot Bitcoin ETFs to Indian investors

Batch 2 Almost Sold Out; BlockDAG Keynote Explodes Into The Scene With 10,000X ROI Promise

AI News: Cognition Labs Unveils World’s First AI Software Engineer Devin

Bitcoin Set to Skyrocket as Liquidity Squeeze Looms

Bitcoin hits new all-time high at $73k

Bernstein Sees Bitcoin Reaching $150,000

Join our free newsletter for daily crypto updates!