EddieJayonCrypto

 16 Jan 25

tl;dr

The article discusses Jamie Dimon and Cliff Asness's negative views on Bitcoin (BTC), with Dimon likening it to smoking and expressing concerns about its lack of intrinsic value and use by criminal elements. Asness also criticizes BTC's valuation and lack of fundamental use cases. The article highli...

Jamie Dimon and Cliff Asness have expressed skepticism about Bitcoin (BTC), with Dimon likening it to smoking and criticizing its lack of intrinsic value. Asness also identifies speculation, criminality, and cyber-ransom as primary uses for "crypto." Both reiterate their negative views on BTC and anticipate a bubble burst.

Dimon and Asness's criticism extends to BTC developers, citing their impact on financial freedom, and they warn of an impending crypto crash with potential regulatory consequences. The unsustainable nature of recent BTC gains, largely due to one individual's massive purchases, is highlighted, calling for a distinction between speculative ventures and utility-driven blockchain projects.

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