JPMorgan Chase CEO Jamie Dimon warned cryptocurrency investors to prepare for a "worst-case scenario." Dimon said the global economy is in recession and cryptocurrencies could be significantly affected. Yes, Jamie Dimon, CEO of JPMorgan Chase, told the Times of India on September 29, 2023 that he is not sure the world is ready for an interest rate hike to 7%. Dimon said an interest rate hike to 7% would be "a big shock" to the global economy. He said it could lead to a recession and rising unemployment. "I'm not sure the world is ready for 7% [interest rates]," Dimon said. "It would be a huge shock." Dimon's remarks come at a time when the U.S. Federal Reserve is raising interest rates to combat inflation. The Fed has raised interest rates by 0.75 percentage points in two consecutive meetings, and is expected to keep raising rates in the coming months. "If the economy gets really bad, things that are speculative will be affected," Dimon said. "And cryptocurrencies are very speculative." Dimon has long been a critic of cryptocurrencies. In 2017, he called bitcoin a "fraud." In 2022, he said cryptocurrencies are "insane." Some analysts believe the cryptocurrency market could continue to fall. Others believe the market is oversold and could recover in the future. And what do you think about what will happen to cryptocurrencies and interest rates?

🚨 BREAKING: 🇬🇧 JPMorgan Chase Bank UK BANS all #Crypto Transactions 😱 Why this could be a BIG mistake 😳 🚨 BREAKING: 🇹🇼 Taiwan SHAKES UP the #Crypto World 🔥 🇹🇼 Bans ALL unregistered foreign exchanges 😳 A thread 🧵 BREAKING News 🚨 $1.5 trillion asset manager Franklin Templeton filed a 19b-4 for its spot #Bitcoin  ETF application, officially starting the clock with the SEC. 🧐🧐🧐 #crypto2023 #BTC #Binance #bitcoin #dyor

😱😱😱😱😱😱😱😱😱😱😱😱😱😱BREAKING: JPMorgan Chase Bank UK BANS all #Crypto Transactions😱😱😱😱😱😱😱😱😱😱 Why this could be a BIG mistake 1. JPMorgan subsidiary Chase UK to restrict #crypto transactions: Chase Bank customers in the United Kingdom will no longer be able to make crypto transactions starting Oct. 16. 2. Restrictions Include Debit Cards and Bank Transfers: Starting Oct. 16, Chase UK customers won't be able to use their debit cards or bank transfers for #crypto transactions. 3. Declined Transactions: Customers attempting #crypto -related transactions will receive declined transaction notifications, according to the bank. 4. Reason for Restrictions: Chase cites an "increase in fraud and scams" related to #crypto assets as the reason for these restrictions. Crypto fraud in the UK surged over 40% YoY as of May 2023. 5. Protection and Security The bank emphasizes that these restrictions are aimed at protecting customers' money and ensuring their security. 6. Announcement to Customers: Chase 🏧Bank informed its customers of these policy changes via email on Sept. 26, citing the rise in #crypto -related fraud as a primary concern. 7. Impact on Users: These restrictions will affect approximately 2% of Chase's total worldwide user base In September 2022, the U.K. user base stood at 1 million. 8. Mixed Reactions The policy changes have sparked mixed reactions, with some customers expressing frustration over the limitations on #crypto use.