The long-awaited Dec. 16 milestone follows a string of high-profile investors and financial firms jumping very publically into bitcoin. This includes Wall Street legends Stanley Druckenmiller and Paul Tudor Jones, Mexican billionaire Ricardo Salinas Pliego, and CNBC “Mad Money” host Jim Cramer, who have all revealed bitcoin investments this year.
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JPMorgan Chase CEO Jamie Dimon is not about to join other big investors on the Bitcoin Train (Photo: World Economic Forum)Still a skeptic: JPMorgan Chase boss Jamie Dimon says ‘Bitcoin is not my cup of tea’
The CEO also predicts there’s trouble brewing for the cryptocurrency if its market cap gets any bigger, warning the U.S. ‘can regulate whatever they want’
Bitcoin’s tantalizing rise to $18,000—a 13% increase in the space of a week—still isn’t enough to impress JPMorgan Chase chief executive Jamie Dimon. However, that isn’t to say that Dimon is skeptical about digital assets or the power of blockchain technology.
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Markets Report: Bitcoin hits $18,000 as Saylor warns shorters ‘should be terrified’
New barriers keep falling for the Bitcoin price as Mexico’s third-richest man advertises ‘The Bitcoin Standard.’
Bitcoin flattened $18,000 on Nov. 18 as the largest cryptocurrency’s 2020 bull run continued to wow spectators. Data from price trackers including CoinMarketCap saw Bitcoin abruptly charge through the $18,000 wall overnight on Tuesday, reaching $18,420 before reversing.
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Markets Report: Bitcoin beats $16k as Paypal opens buying to U.S. customers
A shift in pace for PayPal’s crypto adoption accompanies Bitcoin surging to its highest since late 2017
Bitcoin is nearing the end of another week of fresh gains which have taken it to near three-year highs — what’s next? Following days of volatility, BTC/USD looks set to produce a weekly close which could be its second highest on record.
