John McAfee, founder of the company behind the popular antivirus software named after him, has challenged JPMorgan (NYSE:JPM) chief Jamie Dimon and the CEOs of other major banks to accept the tectonic changes happening in the finance space and join the blockchain/cryptocurrency movement before it is not too late.
McAfee published the video clip in a tweet, where he commented:
“I tell JP Morgan the truth. And make Jamie Dimon an offer that no man with an IQ above 12 could refuse. From a video that will be shown at the World Blockchain Conference in Atlantic City on July 12 of this year. I will be keynoting.”
McAfee has been invited to speak at the three-day Blockchain World Conference, which opens on July 11 in Harrah's Resort Atlantic City, New Jersey. It is expected to draw more than 5,000 attendees, over 120 exhibitors, and at least 15 speakers. It will be watched live by over 25,000 blockchain and cryptocurrency enthusiasts who will pay for streaming.
In the video, which is also published on the Blockchain World Conference website, McAfee addresses JPMorgan’s CEO, saying Dimon doesn’t have to hang himself because of the changes in power structures. What he can do instead is accept them and try to embrace the blockchain revolution. Apparently, McAfee has some straightforward solutions for Dimon:
“I know a thousand ways for you to integrate yourself into this movement, where you will benefit even more than you do now, because the blockchain doesn’t say ‘don’t have money,’” he said in the video.
https://www.youtube.com/watch?time_continue=42&v=FArEMzvIoIw
However, Dimon will have to give up the great power that comes with fiat money, according to McAfee. If JPMorgan’s chief does not accept this reality, there will be no JPMorgan in five years, and Dimon will be on the street with a cute puppy dog and a little box saying “please, donate to feed my puppy,” McAfee predicts and urges Dimon and other CEOs to accept his invitation to discuss the transformation.
It is unlikely that Dimon will respond to such a challenge. JPMorgan is the largest bank in the US and the second largest one in the world by market capitalization, with $2.5 trillion under management as of 2017. Last year, Dimon infamousy called Bitcoin a fraud, but later said he regretted it.
In fact, JPMorgan is already implementing blockchain projects and has tested the technology for various use cases.
This article appeared first on Cryptovest
