JPMorgan Boss Jamie Dimon Doubts Bitcoin’s 21M Supply Cap Despite 5 Lines In Source Code Imposing The Hard Limit: ‘You Guys All Believe That?’
Jamie Dimon, the CEO of JPMorgan Chase & Co. (NYSE:JPM), has not shied away from exhibiting his disdain for Bitcoin (CRYPTO: BTC) and has used public platforms to target the leading cryptocurrency over the years.
What happened: One of many such attacks came at the Institute of International Finance event (IIF) in October 2021, during which Dimon questioned the very foundations of Bitcoin technology — its hard cap of 21 million.
“I’ll just challenge the group to one other thing: how do you know it ends at 21 million? You all read the algorithms? You guys all believe that? I don’t know, I’ve always been a skeptic of stuff like that,” Dimon said.
The brazen attack riled up the cryptocurrency community on social platforms, though many still tried to address his grievances.
Well-known Bitcoin …
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