The world’s largest asset manager, BlackRock, kicked up a storm last month after supposedly disputing Bitcoin’s (CRYPTO: BTC) supply cap in one of its explainer videos.
However, the thesis, which underpins Bitcoin’s deflationary characteristics and its safe haven narrative, was questioned in the past as well. Jamie Dimon, CEO of lending giant JPMorgan Chase & Co. (NYSE:JPM), has been one of the prominent skeptics.
What happened: During the Institute of International Finance event in Oct. 2021, Dimon attacked the finite supply thesis that cryptocurrency proponents take immense pride in.
“I’ll just challenge the group to one other thing: how do you know it ends at 21 million? You all read the algorithms? You guys all believe that? I don’t know, …
Full story available on Benzinga.com