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Jamie Dimon withdraws from talks on Bitcoin, Jon Moulton says the BTC structure must evolve

12 October 2017 21:00, UTC

Bitcoin, the cryptocurrency so big in comparison to other ones that sometimes investors say “Bitcoin” while meaning all cryptocurrency market, is now bigger than 5,000 U.S. dollars. At the press time, the data from Coinmarketcap showed $5,596.05 for one coin (+13% on Friday the 13th). The growth has noticeably stimulated enthusiasm in the cryptocurrency community.

Meanwhile, Jamie Dimon, head of J.P. Morgan Chase, whose remarks about Bitcoin being a fraud have caused a great public resonance, told he is not going to discuss this topic anymore. Chief Financial Officer of this company, Marianne Lake, told Bloomberg that the corporation is open-minded to regulated cryptocurrency, thus sharing the sentiment of Jordan Belfort.

Another recent speaker on cryptocurrency was polite in his statements. Jon Moulton, Better Capital founder, confirmed in the video interview that with Bitcoin, even extreme price fluctuations are possible, and “this asset is going to be a very, very volatile for a long time”. However, its structure must evolve, or else it would not survive 10 years, Mr. Moulton assures. He even told that this phenomenon of a currency unregulated by anyone is interesting to observe.