Podcast: The Irony of Jamie Dimon’s Recent Comments on Bitcoin

Today, I’m trying something new. Instead of writing a commentary, I’ve recorded a podcast. This will allow you to access my perspectives while driving in your car!

Recently, Jamie Dimon called Bitcoin a fraud. While I don’t agree it’s a fraud, I do want to comment on the irony of his comments regarding cryptocurrencies as those comments pertain to the U.S. Dollar.

Take a listen and please share if you find this podcast interesting!

What can we learn from Bitcoin?

For those of you that follow Bitcoin, you know it’s had a volatile couple months. In early-June the price of a Bitcoin hit about $3,000 at which point many articles were written about how high it could go, etc… It then fell over $1,000 down to about $1,900. That’s a 35% drop in about 1 month (see chart below) before recovering once again. That is not the interesting part….

 

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