Wednesday, October 16, 2019
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Cryptocurrencies continue to rise in price, but Dimon advises to beware of bitcoins

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On Thursday, most of the cryptos went up against the background of improving investor sentiment.

Bitcoin went up by 0.58% and traded at the position of $ 7711.9 on the Bitfinex exchange, approaching yesterday’s high of $ 7,748.90.

On Wednesday, prices for other digital currencies recorded mixed dynamics. The second largest capitalization of Ethereum‘s cryptocurrency on the Bitfinex exchange fell 0.43% to $ 608.7. The third largest digital currency, Ripple, went up by 0.93% and traded at $ 0.68136. The rate of Litecoin fell by 0.89% to $ 121.61.

JP Morgan Chase (NYSE: JPM) CEO James Dimon said on Thursday that investors should be wary of popular digital currencies.

“I do not want to act as a defender of bitcoin. Just be careful, “- said Dimon in an interview with CNBC.

In September, Dimon called bitcoin fraud, and then repeated this opinion in January. Despite the fact that some representatives of Wall Street recognized digital currencies, Dimon, as well as the CEO and Chairman of the Board of Directors Berkshire Hathaway (NYSE: BRKa) Warren Buffett remain among the harshest critics of digital currencies.

Buffett, who gave a joint interview with Dimon, said: “I set high standards. I do not know if Jamie’s standards exceed mine or not. ” In May, Buffett told shareholders that bitcoin is a rat poison in the square.

Among other news, it can be noted that the investment giant Fidelity wants to create its own crypto exchange. The company has already issued an announcement about the search for employees to carry out projects on cryptocurrencies, digital assets and blockchain-system, including a system DevOps-engineer, which will help to develop and launch a crypto-active exchange.

The entry of Fidelity into the digital currency market can be good news for the entire cryptocurrency market, promote the legitimization of digital currencies and simplify many Americans access to investment in this sector.

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