Jamie Dimon Should Do ‘Some Homework’ on Crypto, Says Blockchain Capital VC

Jamie Dimon should do ‘some homework’ on crypto, says Blockchain Capital VC

  • Bart Stephens is the co-founder and managing partner of Blockchain Capital, the oldest and most active venture capital firm dedicated to blockchain technology and the cryptocurrency ecosystem.
  • “We’re not betting on the price of Bitcoin, we’re betting on the adoption of blockchain technology,” Stephens says.
  • While Jamie Dimon was making those comments, I was an invited speaker at JP Morgan’s offices in San Francisco to give a talk with other fund managers and clients of JP Morgan who are really curious about cryptocurrencies and the underlying blockchain technology.
  • But I would note that for every negative Jamie Dimon, I could point you to two positive Wall Street CEOs like Lloyd Blankfein at Goldman Sachs and Abigail Johnson at Fidelity, who are making constructive comments on both cryptocurrency and the blockchain.
  • There’s a deafening silence coming from Sand Hill Road when it comes to blockchain technology, cryptocurrencies, and certainly ICO technologies.

Jamie Dimon Should Do ‘Some Homework’ on Crypto, Says Blockchain Capital VC
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Blockchain Capital founder: Jamie Dimon is a hypocrite about bitcoin

  • JPMorgan CEO Jamie Dimon has been publicly dismissive of bitcoin, calling it a “fraud” that will not survive.
  • “It’s just not a real thing, eventually it will be closed,” Dimon said at the Delivering Alpha conference in September presented by CNBC and Institutional Investor.

“It is not a Ponzi scheme. It’s a robust technology that is going to impact multiple industries,” says Bart Stephens, co-founder of Blockchain Capital.

Continue reading “Blockchain Capital founder: Jamie Dimon is a hypocrite about bitcoin”

Blockchain Capital founder: Jamie Dimon is a hypocrite about bitcoin

  • JPMorgan CEO Jamie Dimon has been publicly dismissive of bitcoin, calling it a “fraud” that will not survive.
  • “It’s just not a real thing, eventually it will be closed,” Dimon said at the Delivering Alpha conference in September presented by CNBC and Institutional Investor.

“It is not a Ponzi scheme. It’s a robust technology that is going to impact multiple industries,” says Bart Stephens, co-founder of Blockchain Capital.

Continue reading “Blockchain Capital founder: Jamie Dimon is a hypocrite about bitcoin”

Silicon Valley widens its lead over Washington, DC as the wealthiest place in America

Silicon Valley widens its lead over Washington, DC as the wealthiest place in America

  • Silicon Valley widens its lead over Washington, DC as the wealthiest place in America
  • Incomes in the valley jumped a whopping 5.7% to nearly $102,000 in 2015, making it the area with the highest median income in the country.
  • But since economy returned to growth in 2009, Silicon Valley surged.
  • In the never-ending battle for riches, influence and cultural domination, Silicon Valley now has the upper hand over Washington, DC.
  • And the numbers showed that incomes rose 2.3% in Washington, DC and its affluent environs.

The two metros have consistently been atop rankings of the most affluent urban areas in recent years, but Silicon Valley has taken the upper hand
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