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JPMorgan Head Jamie Dimon Should Learn About Bitcoin, Says Wamda Capital’s CEO

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Crypto Currencies and blockchain are here to stay!

What the authorities should rather do is to move close to them, talk to them, understand them and then establish operational standards to regulate them.  

These were the thoughts of  Wamda Capital’s CEO, Fadi Ghandour, who suggested JPMorgan Chase head Jamie Dimon should learn more about Bitcoin and other digital currencies before making negative statements against them.

Dimon earlier said that the cryptocurrencies are just a “novelty” and are “worth nothing” and those who invest in them are stupid.

According to Ghandour, Dimon should realize that the cryptocurrencies and Blockchain technology are here to stay. He added that the conventional financial sector could gain a lot from the new era of financial technology (fintech).

"It is here to stay. Jamie Dimon need to recognize that before he talks about it from a fraudulent point of view. Let's not make big statements about something we don't understand. Be humble, calm down, come down to earth and learn.”

Ghandour, whose company manages the largest cryptocurrency wallet in the Middle East, delivered a speech about digital currencies at the World Bank in mid-October 2017 to show how the technology is being embraced worldwide.

Ghandour also claimed that investors in Bitcoin could get hurt badly if the leading virtual currency experiences a sudden crash. He added, however, that they should be left to make their own investment decisions.

"People could get hurt but also people are mature and can make their own decisions. If you want to be part of a bubble, you are part of a bubble. You understand the risk.”

FIRE: The cryptocurrency, blockchain and related product and services brings with it bundle of opportunities for innovation and improvement of existing business lines and even creation of sustainable new businesses. They provide services with speed and accuracy that the world of business needs at this time.

So, they have indeed come to stay,  With regulation, they will do better and mature.

Friend, Jesus came looking for you. Give your heart to Him, Love the Lord with all your heart, strength and might.  Love your neighbour as yourself, hold no offence, no bitterness - the Lord is near you to help you!


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