Ark Invest CEO Refutes Jamie Dimon’s “Pet Rock” Label For Bitcoin
Summary
Cathie Wood defended Bitcoin against JPMorgan CEO Jamie Dimon's "pet rock" analogy, citing Bitcoin's record-high hash rate and computational power. Ark Invest's Yassine Elmandjra highlighted Bitcoin's capabilities, surpassing supercomputers and global computing capacity. Edward Snowden also criticized Dimon, mocking his stance on Bitcoin after the SEC approved Bitcoin ETFs.
