Southeast Asia experts on cryptocurrency trends

The financial analyst and executive director of Singaporean Taurus Wealth Advisors told CNBC that Jamie Dimon, with his characterization of Bitcoin as a fraud and dangerous concept, must be simply afraid of blockchain and bitcoin. He views the statement of JP Morgan leader as the typical reaction of a conservative who realized that a recently emerged innovation can replace his business. When talking about the reasons why cryptocurrencies are so attractive, Rainer Michael Preiss told that the Federal Reserve accounting and audit procedures are not as transparent as the tools of audit blockchain provides.

In another CNBC report, the Japanese entrepreneur and billionaire told that initial coin offerings can become a good way to finance startups. According to Taizo Son, this new method of investment is good and expand the venture capitalism sphere in a way that people who don’t own much can participate in startups with huge investors. This sentiment, however, is not shared by the creator of Ethereum, Vitalik Buterin, as he multiply stated to the media that current ICOs are overrated. However, Taizo Son might know something about assets management, Vitalik Buterin, a coder by trade, does not.