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Coinbase CEO Brian Armstrong lately prolonged respect to JPMorgan CEO Jamie Dimon regardless of their clashing views on Bitcoin (BTC). Armstrong’s feedback got here in response to a thread by Cathie Wood of Ark Invest, the place she critiqued Dimon’s derogatory remarks on blockchain know-how and Bitcoin.

Brian Armstrong reveals respect for Jamie Dimon

In response to Wood’s thread, Armstrong wrote, “Even if we don’t fully agree on Bitcoin, I have a lot of respect for Jamie as a CEO and have learned a lot from him. Actually, everyone I’ve met from JPM has been top-notch.” This surprising reward for Dimon by the Coinbase CEO confirmed a somewhat considerate method within the usually polarized discussions within the crypto area.

This comes after Dimon remained steadfast in his criticism of Bitcoin throughout a public look in Davos. He reiterated his private recommendation to keep away from BTC, attributing its use circumstances to “AML, fraud, sex trafficking, and tax avoidance.”

Furthermore, Dimon’s skepticism persevered as he advocated for regulatory measures, and expressed help for shutting down BTC throughout Congressional testimony. In addition, he additionally dismissed Bitcoin’s utility and labeled it as a mere “pet rock.”

Moreover, his anti-Bitcoin stance remained unchanged when requested in regards to the latest inexperienced gentle to 11 Spot Bitcoin ETFs. Dimon famous that he doesn’t care in regards to the latest approval of Bitcoin ETFs though it was a historic second for the crypto business. Whilst, he additionally acknowledged that this is able to be his final time talking about BTC in public.

Also Read: Bitcoin ETF: Fierce Competition Between BlackRock And Fidelity As Volume Jumps

Cathie Wood takes a jibe at JPM CEO by highlighting Bitcoin’s achivements

Cathie Wood, alternatively, seized the chance to problem Dimon’s latest characterization of BTC as a “pet rock.” In a latest publish on X, she highlighted the spectacular statistics laid out by Ark Invest’s workforce that help Bitcoin community’s energy. The information underscored the community’s record-breaking hash price of 500 exahashes per second

In addition, Wood’s workforce offered the next factors to emphasise the size of this achievement:

• The Bitcoin community calculates 5 billion computations per second for each star in our galaxy.
• It would take roughly 2000 years for the worldwide inhabitants, every performing one hash/second, to match the Bitcoin community’s hash price.
• The Bitcoin community performs about 67 instances extra hashes per second than there are grains of sand on Earth.
• In phrases of uncooked operations/second, Bitcoin is roughly 500 instances extra highly effective than the world’s most superior supercomputer.

Furthermore, Wood additionally make clear Dimon’s earlier repute as a tech-savvy CEO in 2004 together with his present stance, playfully introducing him to Armstrong, which prompted the latter to answer the thread. Her pointed remarks aimed to underscore the altering attitudes in the direction of know-how, notably inside the monetary sector.

Also Read: Ark Invest Purges ProShares BITO & AMD To Buy 1 Bln ARKB Spot Bitcoin ETF

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