摩根大通的比特幣賭博：戴蒙的批評，分析師的樂觀

銀行業巨頭摩根大通對首要加密資產比特幣（BTC）表現出雙重立場。儘管執行長 Jamie Dimon 表示懷疑，批評比特幣在非法活動中的使用並主張消除比特幣，但該公司的分析師對 SEC 批准比特幣現貨 ETF 表示樂觀。該 ETF 將追蹤比特幣的現貨價格，可能會​​提振其需求和價格。

JPMorgan's Janus-Faced Stance on Bitcoin: Criticism and Optimism Intertwined

摩根大通對比特幣的兩面立場：批評與樂觀交織在一起

JPMorgan Chase, a financial behemoth with global reach, has adopted a paradoxical attitude towards Bitcoin (BTC), the dominant cryptocurrency in today's market. While its CEO, Jamie Dimon, has unleashed a barrage of criticism against Bitcoin, analysts within the firm have expressed optimism about the likelihood of the US Securities and Exchange Commission (SEC) approving a financial product known as a Bitcoin Spot ETF.

具有全球影響力的金融巨頭摩根大通對當今市場上占主導地位的加密貨幣比特幣（BTC）採取了矛盾的態度。儘管其執行長傑米·戴蒙(Jamie Dimon)對比特幣發起了一系列批評，但該公司內部的分析師對美國證券交易委員會(SEC)批准一種名為比特幣現貨ETF的金融產品的可能性表示樂觀。

Dimon's Damning Verdict on Bitcoin

戴蒙對比特幣的嚴厲判決

On December 6, 2023, Dimon faced scrutiny during a Senate Committee for Banking, Housing and Urban Development Affairs hearing on Capitol Hill in Washington, D.C. The hearing sought to assess the performance and wider impact of major banks on the economy, environment, and society. Among the topics that came under discussion was the burgeoning crypto sector, which has captured the attention of the financial world.

2023 年12 月6 日，戴蒙在華盛頓特區國會山莊舉行的參議院銀行、住房和城市發展事務委員會聽證會上面臨審查。廣泛影響。討論的主題之一是新興的加密貨幣產業，它引起了金融界的關注。

Senator Elizabeth Warren, a vocal critic of cryptocurrencies, pressed Dimon on his concerns regarding money laundering. Dimon responded unequivocally, stating that if he were the government, he would "shut down" Bitcoin altogether.

參議員伊麗莎白沃倫 (Elizabeth Warren) 是加密貨幣的直言不諱的批評者，他向戴蒙施壓，表達他對洗錢的擔憂。戴蒙明確回應，表示如果他是政府，他將徹底「關閉」比特幣。

Dimon's rejection of Bitcoin stems from his belief that it has become a favored tool for nefarious actors seeking to engage in illicit activities, such as cybercrime, drug trafficking, tax evasion, and money laundering. He also emphasized the need for regulation of stablecoins, cryptocurrencies pegged to the value of assets like the US dollar.

戴蒙之所以拒絕比特幣，是因為他相信比特幣已成為那些尋求網路犯罪、販毒、逃稅和洗錢等非法活動的不法分子所青睞的工具。他也強調需要對穩定幣、與美元等資產價值掛鉤的加密貨幣進行監管。

Dimon's unfavorable view of Bitcoin is not a novel stance. In 2017, he labeled Bitcoin a "fraud," expressing no interest in the cryptocurrency. However, he has acknowledged the potential of blockchain technology, the underlying foundation of Bitcoin and other cryptocurrencies, to enhance efficiency and transparency in the financial sector.

戴蒙對比特幣的不利看法並不是什麼新鮮事。 2017 年，他將比特幣稱為“欺詐”，並表示對這種加密貨幣不感興趣。然而，他承認區塊鏈技術是比特幣和其他加密貨幣的基礎，在提高金融領域的效率和透明度方面具有潛力。

JPMorgan Analysts' Positive Outlook on Bitcoin Spot ETF

摩根大通分析師對比特幣現貨 ETF 的積極展望

Despite Dimon's outspoken criticism, JPMorgan does not appear to be entirely dismissive of crypto developments. A report recently issued by a team of JPMorgan analysts, led by Nikolaos Panigirtzoglou, expresses confidence that the SEC will eventually approve a financial product known as a Bitcoin Spot ETF.

儘管戴蒙直言不諱地批評，摩根大通似乎不完全否認加密貨幣的發展。由 Nikolaos Panigirtzoglou 領導的摩根大通分析師團隊最近發布的一份報告表示，相信 SEC 最終將批准一種名為比特幣現貨 ETF 的金融產品。

A Bitcoin Spot ETF is a security that tracks the price of Bitcoin in the spot market, representing the current price for immediate delivery. It differs from a futures-based Bitcoin ETF, which tracks the price of Bitcoin in the derivatives market, representing the price for future delivery.

比特幣現貨 ETF 是一種追蹤現貨市場中比特幣價格的證券，代表立即交割的當前價格。它與基於期貨的比特幣ETF不同，後者追蹤衍生性商品市場中比特幣的價格，代表未來交割的價格。

According to the JPMorgan analysts, should the SEC reject applications from the more than twelve applicants seeking to launch a Bitcoin Spot ETF, it would likely trigger legal challenges that could potentially undermine the regulator's authority. They argue that the SEC is therefore likely to approve a Bitcoin Spot ETF in the first quarter of 2024.

摩根大通分析師表示，如果 SEC 拒絕超過 12 名尋求推出比特幣現貨 ETF 的申請人的申請，可能會引發法律挑戰，從而可能削弱監管機構的權威。他們認為，因此 SEC 可能會在 2024 年第一季批准比特幣現貨 ETF。

JPMorgan also predicts that a Bitcoin Spot ETF could drive up demand for Bitcoin, potentially pushing its price higher. Currently, Bitcoin is trading at around $44,000 per coin, having surged by more than 160% since the beginning of 2023.

摩根大通也預測，比特幣現貨 ETF 可能會增加對比特幣的需求，這可能會推高其價格。目前，比特幣的交易價格約為每枚 44,000 美元，自 2023 年初以來已飆升超過 160%。

Conclusion

結論

JPMorgan's multifaceted stance on Bitcoin, marked by both criticism and optimism, reflects the broader complexities and uncertainties surrounding the cryptocurrency market. While Dimon's concerns about illicit activities raise valid considerations, the SEC's potential approval of a Bitcoin Spot ETF could provide a major boost to the legitimacy and accessibility of Bitcoin as an investment. As the crypto landscape continues to evolve, it remains to be seen how JPMorgan and other financial institutions will navigate the challenges and opportunities it presents.

摩根大通對比特幣的多方面立場，既批評又樂觀，反映了加密貨幣市場更廣泛的複雜性和不確定性。雖然戴蒙對非法活動的擔憂引起了合理的考慮，但美國證券交易委員會可能批准比特幣現貨 ETF，這可能會大大提高比特幣作為投資的合法性和可及性。隨著加密貨幣領域的不斷發展，摩根大通和其他金融機構將如何應對其帶來的挑戰和機會仍有待觀察。