Bitcoin hearing in the US Senate: Crypto opponent Dimon for ban - Why investors still remain bullish

Bitcoin hearing in the US Senate: Crypto opponent Dimon for ban - Why investors still remain bullish

According to a report by www.deraktionaer.de,

With the success of Bitcoin comes criticism of the digital currency. JPMorgan CEO Jamie Dimon was again critical of cryptocurrencies in a recent Senate Banking Committee hearing. He described them as instruments for crime, money laundering and tax avoidance and even called for a ban. The heads of other major US banks also called for stricter regulation of the crypto sector.

However, the crypto market reacted cautiously to Dimon's statements. Bitcoin is still trading slightly higher, although it is currently taking a breather and is only valued one percent higher. Nevertheless, Bitcoin rose 26 percent in the last 30 days and set a new 19-month high.

Despite the criticism from Jamie Dimon and other bank bosses, DER AKTIONÄR remains bullish for the further development of Bitcoin and believes it will reach new highs in the medium to long term.

The statements from Jamie Dimon and other financial figures may have caused short-term uncertainty in the crypto market. Some investors may reconsider their crypto investments due to calls for stricter regulation. However, in the long term, interest and demand for cryptocurrencies is likely to continue to increase as they become increasingly popular as an alternative form of investment.

It therefore remains to be seen how the regulators will respond to the demands and to what extent this will affect the crypto market.