“I didn’t want to be the spokesman against bitcoin. I don’t really give a shit — that’s the point, OK?” - Jamie Dimon

Jamie Dimon CEO of JP Morgan and once accused leader of the Bitcoin haters has publicly stated that a global recession is not coming, despite many frightened investors and economists believing a recession will occur soon.

According to Dimon on Fox Business, “It looks to me like a slowdown [not a recession]. Sentiment changed dramatically for a whole bunch of different reasons. But the United States is still growing, at 2.5%. We just had some good wage data.”

Usually to my understanding, when the stock market performs well the sentiment and confidence in investors is high, which could result in investors looking for even more places to invest their cash such as Bitcoin and other cryptocurrencies.

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