JPMorgan CEO Doesn’t Care If Bitcoin Grows 10X In Five Years

Bitcoin investing is arguably one of the most talked-about investment in the finance industry at present. The returns on the digital asset have seen people allocating more of their investment budgets to bitcoin. But for people who may not have as much fiat as they would like to invest in the asset, borrowing has been a way to get more money to invest. Related Reading | Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown Individuals are also not alone when it comes to borrowing to invest in bitcoin. Institutional investors have also historically borrowed to invest in BTC. A notable example of this is MicroStrategy, the leading institutional BTC investor, which borrowed $600 million back in February in order to buy more bitcoin. This has been a growing trend in the crypto market to borrow to invest. But JPMorgan CEO says borrowing to invest in bitcoin is foolish. Don’t Borrow Money To Buy Bitcoin In an interview conducted by the Times Of India, JPMorgan CEO Jamie Dimon talked about bitcoin. On its popularity, Simon said he believed that people were wasting “too much time and breath” on the digital asset, after stating that he does not care about the cryptocurrency. He revealed that he personally does not invest in the digital asset. Further stating, “I think if you borrow money to buy bitcoin, you’re a fool.” BTC price trading above $42K | Source: BTCUSD on TradingView.com The CEO also ...