Galaxy

Bitcoin ETF

Bitcoin

Capitol

<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Before you reading, did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>
<ul>
 <li>Galaxy Digital CEO Mike Novogratz challenges JPMorgan CEO Jamie Dimon’s negative stance on Bitcoin.</li>
 <li>Despite Dimon’s criticism, Bitcoin has significantly outperformed JPMorgan’s stock in recent years.</li>
 <li>“Bitcoin’s global appeal is undeniable,” asserts Novogratz, highlighting its ongoing performance.</li>
</ul>
<p><strong>Amidst a financial landscape punctuated by crypto volatility and banking crises, Galaxy Digital’s Mike Novogratz defends Bitcoin’s robust performance against Jamie Dimon’s skepticism.</strong></p>
<h2 id="strong-novogratz-vs-dimon-a-clash-of-crypto-perspectives-strong"><strong>Novogratz vs. Dimon: A Clash of Crypto Perspectives</strong></h2>
<p><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-129665" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="jpmorgan-bitcoin" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/jpmorgan-bitcoin.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a></p>
<p>In a recent CNBC interview, Mike Novogratz, CEO of Galaxy Digital, contested Jamie Dimon’s longstanding <a href="https://en.coinotag.com/jpmorgan-ceo-dimon-calls-for-bitcoin-shutdown-amid-crypto-concerns/" target="_blank" rel="noopener noreferrer nofollow">critique</a> of Bitcoin. Dimon, head of JPMorgan and a vocal critic, recently reiterated his stance against cryptocurrencies on Capitol Hill, advocating for a ban and labeling them as tools for illicit activities. Novogratz, while expressing respect for Dimon, highlighted Bitcoin’s superior market performance compared to JPMorgan’s stock over various time frames, showcasing Bitcoin’s resilience and growing acceptance in the financial world.</p>
<h3 id="strong-bitcoin-s-market-performance-defying-skepticism-strong"><strong>Bitcoin’s Market Performance: Defying Skepticism</strong></h3>
<p>Bitcoin’s journey, although marked by volatility, has shown remarkable growth, challenging traditional financial benchmarks. In 2023 alone, Bitcoin surged 161%, dwarfing JPMorgan’s 17% gain. Over three years, Bitcoin has seen a 128% increase, while JPMorgan’s total return stands at 39%. This trend underscores a growing confidence in Bitcoin, not just as a speculative asset but as a component of diversified investment portfolios. Novogratz further emphasizes the global trust in Bitcoin, linking it to wider economic concerns and its comparison to gold as a value holder.</p>
<h3 id="strong-the-role-of-etfs-in-bitcoin-s-ascendancy-strong"><strong>The Role of ETFs in Bitcoin’s Ascendancy</strong></h3>
<p>The anticipation of a U.S. Bitcoin ETF has been a significant driver of Bitcoin’s price movements. The race to launch such ETFs, with key players like BlackRock and a partnership between Galaxy Digital and Invesco, reflects the asset’s maturation and its integration into mainstream finance. Novogratz points out that Dimon’s skepticism overlooks Bitcoin’s widespread appeal and its unique role as a “social construct” of value, akin to gold, that transcends geographical boundaries.</p>
<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Novogratz’s rebuttal to Dimon’s criticism of Bitcoin highlights a fundamental divide in the financial world’s approach to cryptocurrencies. While skepticism persists among traditional finance leaders, Bitcoin’s performance and global adoption present a compelling counter-narrative. As the cryptocurrency continues to evolve and integrate into various financial systems, its role and impact on global finance remain key points of observation and debate.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/michael-novogratz-counters-jamie-dimons-bitcoin-critique-amid-cryptos-market-triumph/">Michael Novogratz Counters Jamie Dimon’s Bitcoin Critique Amid Crypto’s Market Triumph</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>

Michael Novogratz Counters Jamie Dimon’s Bitcoin Critique Amid Crypto’s Market Triumph

Table of Contents

COINOTAG NEWS

Other articles published on Dec 7, 2023

Key Progress Made in Discussions Between SEC and Issuers

DMG Blockchain Bolsters Operations with $12.1M Investment

$ORDI Faces Fluctuations as Bitcoin Developer’s Tweets Spur Market Volatility

Tokenizing assets on blockchain may elevate systemic risks, warns Bank of England

Vivek Ramaswamy slams Gary Gensler, SEC over ineffective crypto rules

Ethereum supply deflating: exploring ROE’s tokenomics

Join our free newsletter for daily crypto updates!