November 27, 2023

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JPMorgan CEO Dimon: Satoshi Could 'Erase' Bitcoin at 21 Million

January 22,  2024

By: Pooja

Bitcoin's value has doubled in the past year, recovering from a 2022 crash. Some predict it could become a $10 trillion asset, anticipating further volatility.

Bitcoin's Resurgence

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Tesla's Elon Musk is expected to make a significant announcement in 2024, adding to the anticipation and potential market influence on Bitcoin.

Elon Musk's Impact

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Satoshi Nakamoto's Mystery Deepens

Recent events surrounding Bitcoin's creator, Satoshi Nakamoto, intensify the mystery. 

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Bitcoin's Fixed Supply

The cryptocurrency's supply is capped at 21 million, with the last bitcoins expected to be mined around 2140. .

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Network Dynamics

Dimon questions the certainty of the 21 million limit, highlighting potential network splits if miners disagree on altering the code.

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Dimon's Bitcoin Stance

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Despite JPMorgan's involvement with BlackRock's Bitcoin ETF, Dimon declares he's done discussing Bitcoin on CNBC, dismissing it as the "pet rock" with no intrinsic value.