{"id":706316,"date":"2026-05-31T13:04:10","date_gmt":"2026-05-31T13:04:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/706316\/"},"modified":"2026-05-31T13:04:10","modified_gmt":"2026-05-31T13:04:10","slug":"it-will-blow-up-jpmorgan-ceo-issues-huge-crypto-and-bitcoin-price-prediction","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/706316\/","title":{"rendered":"It Will \u2018Blow Up\u2019\u2014JPMorgan CEO Issues \u2018Huge\u2019 Crypto And Bitcoin Price Prediction"},"content":{"rendered":"

Bitcoin has swung wildly over the last few months as a sudden BlackRock bitcoin fund sell-off accelerates, sparking fears of a bitcoin price crash<\/a>.<\/p>\n

Sign up now for CryptoCodex<\/a>\u2014A free crypto newsletter that will get you ahead of the market<\/p>\n

The bitcoin price has dropped by 40% since October last year even as “insane” money-printing predictions feed sky-high bitcoin price predictions<\/a>.<\/p>\n

Now, as Elon Musk reveals a $1.4 billion bitcoin price surprise<\/a>, JPMorgan chief executive Jamie Dimon has issued a stark warning over president Donald Trump\u2019s crypto market structure bill known as the Clarity Act.<\/p>\n

Sign up now for the free CryptoCodex<\/a>\u2014A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin price and crypto market swings<\/p>\n

ForbesBillionaire Mark Cuban Suddenly Flips On Bitcoin As Massive Crash Fear Hits PriceBy Billy Bambrough<\/a>\"JPMorgan,<\/p>\n

JPMorgan chief executive Jamie Dimon has predicted a stablecoin “blow up”\u2014something that could crash the bitcoin price and crypto market.<\/p>\n

Getty Images<\/p>\n

The Clarity Act, which was this month passed by the Senate banking committee, “allows [crypto companies] to effectively pay interest on deposits, stablecoins or something like that, without protection that they should have,\u201d Dimon told<\/a> Fox Business. <\/p>\n

\u201cThe banks will not accept it that way \u2026 I\u2019m not worried about stablecoins but if it happened I\u2019m telling you I will have nothing to do with it and it will eventually blow up.\u201d<\/p>\n

The Clarity Act, which would carve up oversight of crypto between U.S. regulators and was predicted by Shark Tank star investor Kevin O\u2019Leary to unleash a trillion-dollar influx of institutional capital into bitcoin and crypto markets, almost got over the line in January before it was torpedoed by crypto exchange Coinbase, with chief executive Brian Armstrong declaring it would have been worse than no bill in its form at the time.<\/p>\n

The row between crypto companies and banks came down to whether those offering stablecoin accounts should be able to pay interest on deposits like traditional bank accounts, with banking groups warning that the stability of the financial system could be undermined as people move their money.<\/p>\n

A compromise hammered out by lawmakers would see a ban imposed on interest-like rewards that are \u201ceconomically or functionally equivalent\u201d to deposit interest but allowing stablecoin balances to be used for rewards if companies clear the \u201cequivalent\u201d test.<\/p>\n

\u201cIt will be fought,” Dimon said. “No one\u2019s gonna bow down to [Armstrong], or [Coinbase] … He\u2019s the only one and he\u2019s spending hundreds of millions of dollars in Washington on this thing,\u201d Dimon told<\/a> Politico.<\/p>\n

\u201cThe banks will not accept it that way,\u201d Dimon added. \u201cThe ABA [American Bankers Association], the small banks, the credit unions. It\u2019s not just the big guys.\u201d<\/p>\n

Earlier this month, Patrick Witt, the Trump White House\u2019s executive director of the president\u2019s council of advisors for digital assets, named July 4 as the administration\u2019s target date to get the long-awaited Clarity Act over the line.<\/p>\n

“We’re targeting July 4,” Witt said at the Consensus conference in Miami in comments reported<\/a> by The Block. \u201cI think that would be a tremendous birthday present for America, celebrating our 250th.\u201d<\/p>\n

The odds of the Clarity Act being passed this year have dropped back from almost 70% on the Polymarket prediction platform, falling to just over 50%.<\/p>\n

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Forbes\u2018They\u2019re Going To Print An Insane Amount\u2019\u2014U.S. Dollar Collapse Predicted To Spark A $1 Million Bitcoin Price BoomBy Billy Bambrough<\/a><\/p>\n

The bitcoin price has bounced back from its recent lows but remains well below its $126,000 per bitcoin price peak reached in October last year.<\/p>\n

Forbes Digital Assets<\/p>\n

Doubts surrounding the passage of the Clarity Act have weighed on the bitcoin price and crypto market in recent months.<\/p>\n

“Growing expectations of a rotation of capital toward technology stocks, coupled with concerns that the Clarity Act may not pass this year, added further pressure and pushed bitcoin below the $76,000 per bitcoin level,” Yuya Hasegawa, crypto market analyst, said in emailed comments. <\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin has swung wildly over the last few months as a sudden BlackRock bitcoin fund sell-off accelerates, sparking…\n","protected":false},"author":2,"featured_media":706317,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,2009,59435,99,13996,8678,44766],"class_list":["post-706316","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-bitcoin","tag-bitcoin-price","tag-business","tag-crypto","tag-jamie-dimon","tag-jpmorgan"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/706316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=706316"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/706316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/706317"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=706316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=706316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=706316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}