in some way or another, they will get involved. You always robot forex android ilmainen lataa have the choice to experience our sites without personalized advertising based on your web browsing activity by visiting the. Morgan and we will contribute to the Chinese market as the years go by and we keep growing our presence there. Cnbc: Where are you seeing opportunities now? An Argentinean who spent much of his early career in volatile emerging markets, Pinto, 55, began. The worst-case scenario for any big player is that you end up being massively hammered when the correction happens, and you end up losing money because of your positions. Pinto: We are looking into that space. Bitcoin is a virtual currency that emerged in the aftermath of the financial crisis. Dealing with a bear market, cNBC: You've said that within two or three years, the stock market could see a correction of 30 to 40 percent. The tokenization of the economy, for me, is real.
It s Not Bitcoin Trading But.P
Morgan, is sinking its toes in a little deeper. After dismissing Bitcoin, JPMorgan Chase acknowledged for the firs t time that cryptocurrency is a risk to the bank s business and survival. Bitcoin is a fraud that will ultimately blow up, according to JP M organ boss Jamie Dimon, who said the digital currency was only fit for use. Jamie Dimon may think bitcoin is a fraud, but that isn t stopping JPMorgan Chase.
Bitcoin, cNBC: Are cryptocurrencies another opportunity for you? If you asked me when I thought the economy is going to slow down, I'd follow JPMorgan Chief.S. We know how to prepare for those times, and over these days, we are slightly more conservative than we would've been a couple of years ago. Your competitors already help trade bitcoin futures and are preparing to get more involved in trading digital currencies. Jamie Dimon if the need arises within the next few years. Pinto: All these electronic, algorithmic traders, they provide a lot of liquidity in calm markets. Dimons criticism of the currency coincided with a warning from the UK financial regulator against a speculative frenzy in initial coin offerings (ICOs where internet start-ups are funded by investors using cryptocurrencies such as bitcoin.
Pinto: Pretty much everyone agrees that the economy is in very good shape. If we need to clear futures of bitcoin, can we do it?