Galaxy

Bitcoin

Capitol

<a href="https://bitcoinworld.co.in/btc-has-significantly-outperformed-jpmorgans-shares-mike-novogratz-slams-jamie-dimon/" title="‘BTC Has Significantly Outperformed JPMorgan’s Shares,’ Mike Novogratz Slams Jamie Dimon" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Cryptocurrency-friendly billionaire Mike Novogratz has responded to JPMorgan CEO Jamie Dimon’s comment on Bitcoin that ‘Cryptocurrencies Should Be Banned.’</li>
 <li style="font-weight: 400">Mike Novogratz replied that BTC has significantly outperformed JPMorgan’s shares.</li>
</ul>
Galaxy Digital CEO Mike Novogratz has challenged JPMorgan CEO Jamie Dimon’s negative stance on Bitcoin, reminding us that BTC has significantly outperformed JPMorgan’s shares.
Anti-Bitcoin JPMorgan CEO, Jamie Dimon, a long-time critic of Bitcoin, <a href="https://en.bitcoinsistemi.com/billionaire-mike-novogratz-responds-to-jpmorgan-ceo-dimon-saying-cryptocurrencies-should-be-banned/" rel="noopener noreferrer nofollow">recently</a> reiterated his views on Capitol Hill, arguing that cryptocurrencies <a href="https://bitcoinworld.co.in/jamie-dimon-of-jpmorgan-wants-crypto-to-be-closed-down/" rel="noopener noreferrer nofollow">should be banned</a> and are only useful for criminals, drug traffickers, money laundering and tax avoidance.
However, Novogratz disagrees with Dimon’s point of view. “It keeps repeating itself and keeps getting it wrong. Bitcoin has vastly outperformed JPMorgan shares for one year, five years, 10 years, you pick the period,” he said in an interview on CNBC’s “Squawk Box.”
Bitcoin is up 161% in 2023, compared to JPMorgan’s gain of about 17%. While Bitcoin gained 128% in value in the last three years, JPMorgan shares increased by 28%, providing a total return of 39%.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/amazon-ends-venmo-payment-option-for-purchases/" aria-label="“Amazon Ends Venmo Payment Option For Purchases” (Edit)" rel="noopener noreferrer nofollow">Amazon Ends Venmo Payment Option For Purchases</a>
Despite Bitcoin’s volatile nature and the coin losing nearly 60% of its value from its all-time high in November 2021, Novogratz believes the global community is waking up to Bitcoin’s potential:
“People around the world believe in this, and they believe in the community, they believe in the ecosystem. They’re seeing governments spending a lot of money, not just in the US… When BlackRock CEO Larry Fink came on your show and said, ‘I think you’re going to see Bitcoin in all portfolios,’ the issue was already mooted and won.”
Novogratz also emphasized that Bitcoin’s first rally at the beginning of this year was primarily driven by US banking crisis woes, but its second rally, which began in the summer, was related to the race to launch a US BTC exchange-traded fund (ETF).
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
The post <a href="https://bitcoinworld.co.in/btc-has-significantly-outperformed-jpmorgans-shares-mike-novogratz-slams-jamie-dimon/" rel="noopener noreferrer nofollow">‘BTC Has Significantly Outperformed JPMorgan’s Shares,’ Mike Novogratz Slams Jamie Dimon</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

‘BTC Has Significantly Outperformed JPMorgan’s Shares,’ Mike Novogratz Slams Jamie Dimon

ItsBitcoinWorld

Other articles published on Dec 8, 2023

Tokensoft and Chainwire join forces to enhance digital asset outreach

Will Chainlink (LINK) Price Reach $20? What Do the Data Suggest for LINK Coin?

Binance Founder Ordered To Stay Put In The US In Ongoing Probe

Jito’s $165m airdrop rains on Solana

Shiba Inu sees massive transfers – Was SHIB affected?

Avalanche market cap surges to propel top 10 entry

Join our free newsletter for daily crypto updates!