{"id":139476,"date":"2024-10-12T16:00:28","date_gmt":"2024-10-12T13:00:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139476"},"modified":"2024-10-13T01:58:29","modified_gmt":"2024-10-12T22:58:29","slug":"recession-fears-intensify-as-jpmorgans-ceo-criticizes-bitcoins-worth","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/recession-fears-intensify-as-jpmorgans-ceo-criticizes-bitcoins-worth\/","title":{"rendered":"Recession Fears Intensify as JPMorgan&#8217;s CEO Criticizes Bitcoin&#8217;s Worth"},"content":{"rendered":"<p>During the bank\u2019s recent earnings <strong><a href=\"https:\/\/www.jpmorganchase.com\/content\/dam\/jpmc\/jpmorgan-chase-and-co\/investor-relations\/documents\/quarterly-earnings\/2024\/3rd-quarter\/af682bd9-14a5-406e-94d4-a7b4c5bed345.pdf\" target=\"_blank\" rel=\"nofollow\">report<\/a><\/strong>, Dimon conveyed deep concerns over escalating geopolitical tensions, stating, \u201cConditions are treacherous and getting worse.\u201d<\/p>\n<p>He pointed to ongoing conflicts, including the Russia-Ukraine war and the instability in the Middle East, highlighting a significant deterioration of the global order that has persisted since World War II. Dimon specifically mentioned the dangers posed by nuclear threats from nations like Iran and North Korea, labeling the current crisis as unprecedented in his experience.<\/p>\n<p>While the Middle East is engulfed in turmoil, with escalating violence between Israel and Hamas, Dimon fears that retaliatory actions could destabilize the already shaky global economy. In Ukraine, Russia\u2019s increased military budget signals an extended conflict, which could further impact Europe\u2019s economic stability.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/u-s-economy-will-crash-and-bitcoin-will-be-the-salvation-robert-kiyosaki\/\" title=\"U.S. Economy Will Crash and Bitcoin Will be the Salvation &#8211; Robert Kiyosaki\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/robert_kiyosaki_pokupayte_bitkoin_poka_ego_kurs_nizhe_20_000-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">U.S. Economy Will Crash and Bitcoin Will be the Salvation &#8211; Robert Kiyosaki<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite these global challenges, Dimon maintains a staunch opposition to cryptocurrencies. Although JPMorgan has embraced blockchain technology and processed over $1 trillion in transactions, Dimon has called <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>a \u201cpet rock\u201d and a \u201chyped-up fraud.\u201d He remains particularly wary of the potential for digital currencies to facilitate criminal activity.<\/p>\n<p>As JPMorgan reports a 7% rise in revenue this quarter, challenges persist, especially in consumer banking. Dimon\u2019s dismissal of Bitcoin raises questions about the future of cryptocurrencies, which many believe will become increasingly relevant, regardless of his resistance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan CEO Jamie Dimon has issued a stark warning about the looming threat of a global recession, even as he continues to criticize Bitcoin and other cryptocurrencies.<\/p>\n","protected":false},"author":7,"featured_media":44263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[60,27],"tags":[],"class_list":["post-139476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Recession Fears Intensify as 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