JPMorgan: Bitcoin is a Scam
JPMorgan CEO Jamie Dimon stated that Bitcoin lacks the necessary qualities to be considered a currency.
JPMorgan CEO Jamie Dimon stated that Bitcoin lacks the necessary qualities to be considered a currency.
The Bitcoin network has recently seen a rise in transaction fees, with the average reaching over $16 according to a 7-day moving average.
Analysts at analyst and brokerage firm Bernstein expect Bitcoin to resume its upward trajectory after halving.
The GBTC crypto exchange-traded fund (ETF) has seen large amounts of money and Bitcoin being removed from its holdings on Friday, April 12.
Renowned investor and billionaire Tim Draper has high expectations for the value of the first cryptocurrency, predicting that it will triple to $250,000 by the end of the year.
On Wednesday, the Bitcoin mining difficulty saw a 3.9% increase, reaching a new all-time high in the final adjustment before the halving, expected to occur on April 20.
The upcoming halving of Bitcoin’s rewards for miners has already been taken into account to some extent in the current upward trend.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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