⸺ Obituary · November 18, 2020 ⸺
“‘Not My Cup of Tea’: Jamie Dimon Is Still Not a Bitcoin Fan”
— CoinDesk, Jamie Dimon
““The blockchain itself will be critical to letting people move money around the world cheaper,” he said. (His bank made waves recently with the launch of its “JPM Coin” for wholesale banking payments). “We will always support blockchain technology.” But Dimon refused to give ground on his opposition to bitcoin. He repeated his longstanding belief that governments will ultimately more heavily regulate it (something echoed recently by fellow billionaire Ray Dalio). Oversight is inevitable for something so large, he said.”
Price at death
$17,785
Today
$73,577
Resurrection
×4.1
On 2020-11-18, Jamie Dimon (CEO, JP Morgan Chase) declared Bitcoin dead via CoinDesk. Bitcoin was trading at ~$17,785 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 18, 2020, when one Bitcoin traded for approximately $17,785. Since then, Bitcoin has appreciated by 4.1× relative to the price on the day CoinDesk pronounced it finished.