4 Percent Economic Growth 'Is Possible — Jamie Dimon

4 Percent Economic Growth 'Is Possible — Jamie Dimon”

The bitcoin was always to me what the governments are going to feel about bitcoin when it gets really big.

During the three days prior to January 8 (Monday), the bitcoin prices were trading above $17,000, as per the data on Coinmarketcap, a virtual platform that shows the market prices and capitalisation of digital currencies traded across the major exchanges worldwide.

"... I just have a different opinion than other people".

Recently, the bitcoin had surged to trade above $16,000 after the reports surfaced that PayPal co-founder Peter Thiel's Founders Fund had made massive bets on bitcoins in the early last year.

However, it is still more than the joint market caps of ethereum and ripple, of $132 billion and $70 billion, respectively.

Even Kodak has announced its plan to install the bitcoin mining rigs at its headquarters in Rochester, New York besides its plan to roll out its own version of bitcoin called KODAKcoin.

"If you're stupid enough to buy it, you'll pay the price for it one day". "A move in prices below chart support at $14,000 would better energize the bears, to then suggest a challenge of the recent lows scored in late December".

JP Morgan Chase chairman and CEO Jamie Dimon has gone back on his comments where he blasted Bitcoin a "fraud", by claiming he believes in blockchain, the technology behind the cryptocurrency. "If [bitcoin] can actually rise close to [that $20,000 level] in the first half of this year, I think in the second half of 2018, we'll see a move bigger than that".

"On a long-term basis, [the easiest way to look at bitcoin is] as a replacement or a store of value". Strong growth is only expected to continue, as some economists are anticipating stronger fourth-quarter growth figures following the passage of the GOP tax reform bill.

"It will burn out in a spectacular crash". Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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