{"id":472737,"date":"2021-09-29T17:00:32","date_gmt":"2021-09-29T17:00:32","guid":{"rendered":"https:\/\/wncen.com\/?p=472737"},"modified":"2024-06-11T13:59:04","modified_gmt":"2024-06-11T13:59:04","slug":"jpmorgan-ceo-doesnt-care-if-bitcoin-grows-10x-in-five-years","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/jpmorgan-ceo-doesnt-care-if-bitcoin-grows-10x-in-five-years\/","title":{"rendered":"JPMorgan CEO Doesn\u2019t Care If Bitcoin Grows 10X In Five Years"},"content":{"rendered":"
Bitcoin investing is arguably one of the most talked-about investment in the finance industry at present. The returns on the digital asset have seen people allocating more of their investment budgets to bitcoin. But for people who may not have as much fiat as they would like to invest in the asset, borrowing has been a way to get more money to invest.<\/p>\n
Related Reading |\u00a0Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown<\/a><\/strong><\/em><\/p>\n Individuals are also not alone when it comes to borrowing to invest in bitcoin. Institutional investors have also historically borrowed to invest in BTC. A notable example of this is MicroStrategy, the leading institutional BTC investor, which borrowed $600 million back in February in order to buy more bitcoin. This has been a growing trend in the crypto market to borrow to invest. But JPMorgan CEO says borrowing to invest in bitcoin is foolish.<\/p>\n In an interview<\/a> conducted by the Times Of India, JPMorgan CEO Jamie Dimon<\/a> talked about bitcoin. On its popularity, Simon said he believed that people were wasting \u201ctoo much time and breath\u201d on the digital asset, after stating that he does not care about the cryptocurrency. He revealed that he personally does not invest in the digital asset. Further stating, \u201cI think if you borrow money to buy bitcoin, you\u2019re a fool.\u201d<\/p>\n <\/p>\n The CEO also believes that the government will eventually regulate the cryptocurrency since they \u201cregulate just about everything. Crypto regulation has recently been a hot topic for the SEC recently. And Dimon believes that though he\u2019s not exactly sure how or under what umbrella cryptocurrencies will be regulated, the government will regulate it. This regulation, the CEO believes, will constrain the asset.<\/p>\n Since its inception, bitcoin has recorded tremendous success. The asset has grown over 400,000% since it was first launched a little over a decade ago. Its past growth lends credence to the future price predictions placed on bitcoin. And although not a big believer in the digital asset, the CEO believes that the digital asset has the potential to grow 10 times in the next five years.<\/p>\nDon\u2019t Borrow Money To Buy Bitcoin<\/h2>\n
BTC price trading above $42K | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Asset May 10X In The Next Five Years<\/h2>\n