© Mundo Crypto PR Edward Snowden surprised by Jamie Dimon's new level of Bitcoin criticism
U.Today – Famous American whistleblower Edward Snowden has taken to the X/Twitter platform to direct a small criticism at JP Morgan CEO Jamie Dimon for his recent criticism shared during the Davos event.
Overall, Snowden was not the only Bitcoiner to respond to that on Twitter among the Bitcoin community. Michael Saylor and Samson Mow were also among those who commented on Dimon's anti-Bitcoin statement.
Snowden attacks Dimon as JP Morgan CEO 'transforms'
Snowden's reaction was close to shock when he noted a drastic change in Dimon's criticism of the world's flagship cryptocurrency. Snowden tweeted that after the Securities and Exchange Commission gave the green light to Wall Street financial giants to start trading spot-based Bitcoin exchange-traded funds, the JP Morgan CEO underwent a transformation and began criticize Bitcoin even louder than before, mentioning BTC and stating that he “doesn't care.”
The SEC finally issued approval for Bitcoin spot ETFs earlier this month after years of rejecting any attempts to launch this product and approving Bitcoin futures ETFs just a few years ago. Companies that have filed to launch a BTC spot product include BlackRock (NYSE:), Ark Invest, VanEck, and Fidelity.
Dimon criticizes Bitcoin in Davos
During the annual WEF event in Davos, Dimon spoke to the hosts of CNBC's Squawk Box and told them that he believes Bitcoin is a “pet stone” on the blockchain that “does nothing,” unlike other cryptocurrencies. .
MicroStrategy boss Michael Saylor responded to Dimon by posting a sarcastic tweet about him, referring to Bitcoin as a “pet stone” that “does nothing” other than allowing people to own something they can “trade with each other” without fear. to degradation or theft. .”
Some believe that Dimon simply fears that Bitcoin could disrupt the entire banking system. However, Samson Mow believes that Bitcoin does not need to do that, as many large banks in the US and other countries have already started to adopt Bitcoin and offer BTC services to their customers.
In addition to his usual criticism that Bitcoin's use cases are criminal activities, money laundering and tax evasion, this time Dimon also stated that he doubts that Bitcoin is limited to 21 million coins, which he says dispels the quality loved by Bitcoiners: scarcity. .
This article was originally published on U.Today.
