This Video of Jamie Dimon Didn't Age Well
Lark Davis
Transcript Summary
- JPMorgan's CEO, Jamie Diamond, made a negative comment about Bitcoin, comparing it to a "Pet Rock".
- The speaker acknowledges that Bitcoin has use cases, including AML, fraud, anti-money laundering, tax avoidance, and sex trafficking.
- The speaker argues that crypto can be used for crimes, but so can cash, which is the preferred choice of 99.999% of criminals.
- The speaker points out that Bitcoin transactions are recorded on the blockchain, making it easier to trace than cash.
- The speaker expresses a preference for trusting Bitcoin over banks.