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JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, just lately calling it a “hyped-up fraud,” and a “pet rock.” For it’s half, Financial institution of America has mentioned that it views central financial institution digital currencies (CBDCs) and stablecoins as a “pure evolution of at the moment’s financial and fee techniques.” This and extra on inflation and the U.S. Federal Reserve’s subsequent strikes, just under.
JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Improve BTC Provide Cap
JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The chief questioned the cryptocurrency’s provide cap, anticipating an image of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and giggle at us all when bitcoin’s provide hits 21 million cash.
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Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Main Pivot
Morgan Stanley CEO James Gorman says two adjustments have occurred just lately that “actually matter” to the financial system. The chief defined that inflation has clearly peaked and China has made a “main, main pivot” economically.
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Financial institution of America: ‘Digital Currencies Seem Inevitable’
Financial institution of America says “digital currencies seem inevitable,” including that central financial institution digital currencies (CBDCs) and stablecoins are “a pure evolution of at the moment’s financial and fee techniques.” The financial institution expects “non-public sector beneficiaries to emerge in all phases of CBDC implementation.”
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All Eyes on the Subsequent Fed Assembly: Market Trajectories Hinge on Choice
Equities, valuable metals, and cryptocurrencies have been on a tear throughout the previous few weeks of 2023, and all eyes at the moment are targeted on the subsequent Federal Open Market Committee (FOMC) assembly. Federal Reserve governor Christopher Waller just lately mentioned that he favors a quarter-point benchmark charge improve on the subsequent FOMC assembly. Analysts consider that present market trajectories shall be depending on the result of the subsequent Fed assembly.
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