The Capitalist Investor - Episode 97

Derek is joined this week by Tony Zabigala and they once again dive into the latest Crypo news! Just as Bitcoin cracks the $60,000 level, notable Crypto bear and JPMorgan Chase CEO Jamie Dimon once again comes out to slam Bitcoin. Dimon has been a vocal non-believer of all crypto for many years, but is it time to start listening? The guys discuss, next!

Yet people made hundreds of thousands, millions of dollars on it, right? There is no question that that is valuable. There’s no question that it can be a big part of the future. I just think we have a long ways to go before it’s mainstream. The biggest thing that I see is regulation is a concern. The U.S. government doesn’t know how to do this. They want to start monitoring bank accounts that have $600 plus deposits. Are we willing to let the IRS have the ability to do this?

Article Link:
https://www.cnn.com/2021/10/12/investing/jamie-dimon-bitcoin/index.html

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