The Crypto Feed Daily

November 18th, 2020

Bank of England chief economist describes dystopian financial system of the future, 2nd richest man in Mexico touts bitcoin, and Jamie Dimon's bitcoin tune slightly changes.

Bank of England Chief Economist Andy Haldane gave a speech to TheCityUK on Wednesday (PDF) where he covered how central bank-issued digital currencies (CBDCs) could be helpful in cutting interest rates below zero. His remarks help make the case for bitcoin as an alternative monetary system.
Mexican billionaire Ricardo Salinas said on Twitter that he holds 10% of his liquid assets in bitcoin. Salinas also promoted the Spanish-language version of Safiedean Ammous's The Bitcoin Standard in the tweet.
JPMorgan CEO Jamie Dimon used to refer to bitcoin simply as a fraud. Now he admits smart people are betting on the cryptocurrency to outperform gold.