The largest investment company creates a plateau to fund crypto projects, and Jamie Dimon still considers BTC “useless.”
JPMorgan’s head keeps fury upon BTC with recognition of the client’s interest in cryptocurrencies
James “Jami” Dimon, CEO of JPMorgan, strikes upon bitcoin once again, considering it’s useless. He equals crypto trading with smoking in the context of bad habits. “I don’t want to be a spokesperson — I don’t care. It makes no difference to me,” he said. “Our clients are adults. They disagree. That’s what makes markets. So, if they want to have access to buy yourself bitcoin, we can’t custody it, but we can give them legitimate, as clean as possible, access.”
On the other hand, Dimon recognizes the client’s interest in cryptocurrency tools. Some time ago, JPMorgan made it possible for clients to participate in their BTC fund.
The most significant investment company is one step closer to finance crypto projects through its fund
Paradigm investment company is on its way to create a venture fund in the amount of $1.2 billion to $1.5 billion to finance crypto startups.
According to sources, the company has conducted rounds of family offices in Silicon Valley.
Previously, Paradigm became one of the lead investors of Serie A for $15 million of the Indian crypto exchange CoinSwitch Kuber. The company also invested in the Fireblocks blockchain project as part of a $133 million deal.