Bitcoin

“I regret making” comments saying Bitcoin is a fraud, Dimon said in an interview with the Fox Business network. “The blockchain is real. You can have crypto yen and dollars and stuff like that.”

“The cryptocurrency trading that’s going on actually worries me a little bit,” he said in a Bloomberg TV interview. “I think it's going to end very badly, I really do. Some people are going to lose a lot of money and there’s no reason that the prices should be going up at the rate that they're going up. There’s no fundamental economic reason.”

I believe that we are heading into a new age in which blockchain technology is going to provide a significant level of a digital currency that is going to have a consumer application. And I believe that Starbucks is in a unique position to take advantage of that.

Cryptocurrencies like Bitcoin, we should be looking at these very seriously precisely because of the way they can be used, particularly by criminals,” she said in a Bloomberg interview at Davos

We need better cross-border payments ... because it’s good for development, it’s good for financial inclusion,” he said during a Davos panel. “So Bitcoin can help us, it can pay us a service by forcing us to upgrade our systems. That’s a positive lesson.” The international community still needs to understand and “control these gateways between the shadow-currency universe and the regular financial system.

Cryptocurrencies “are not really currencies at all,” he said in a Bloomberg TV interview. “One should really, really be careful and be mindful of the fact that this is more like participating in a lottery or going to the casino. This is not banking as we know it.”

Bitcoin is “a purely speculative asset,” he said at a Paris fintech conference, echoing comments he made in December in Beijing, when he said “Bitcoin is in no way a currency, or even a cryptocurrency. It is a speculative asset. Its value and extreme volatility have no economic basis, and they are nobody’s responsibility. The Banque of France reminds those investing in Bitcoin that they do so entirely at their own risk.”

We will not create a market because the mandate of Euronext is to power pan-European capital markets to finance a real economy, and Bitcoins have nothing to do with the real economy,” he said in a Bloomberg TV interview. “Bitcoin is, at best, a crypto asset ... just like a piece of art, just like a diamond, just like a Pokemon card ... Today people buy it because it goes up and because it’s not as transparent as other assets.

India doesn’t consider cryptocurrencies legal tender “and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system” while exploring the use of blockchain technology, he told lawmakers in his annual budget speech.

Bitcoin “is the mother of all bubbles and is also the biggest bubble in human history if you compare it to, say, the Mississippi bubble or the tech bubble or tulip mania or South Sea Bubble ... Now it has crashed by about 60 percent compared to the peak of mid-December. It has crashed 30 percent in the last week and 10 percent today, and ... the fundamental value of Bitcoin is zero.”

We have seen historical instances where such a rush into certain investments has benefitted our economy and those investors who backed the right ventures,” he said in testimony before the Senate banking committee. “But when our laws are not followed, the risks to all investors are high and numerous –- including risks caused by or related to poor, incorrect or non-existent disclosure, volatility, manipulation, fraud and theft.

I never considered for one second having anything to do with it. I detested it the moment it was raised,” Munger said at the annual meeting for Daily Journal Corp. in Los Angeles. “It’s just disgusting. Bitcoin is noxious poison.

The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way.

For many reasons the crypto-assets in your digital wallets are unlikely to be the future of money ... But that is not meant to dismiss them. Their core technology is already having an impact. Bringing crypto-assets into the regulatory tent could potentially catalyze innovations to serve the public better.

Cryptocurrencies are “just Candy Crush” ... There are now more than 1,300, “and it seems reasonable to assume all 1,300 are not of equal quality ... the return-on-investment could be considerably lower than investors currently expect”