Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


Jamie Dimon Expects “Nothing Like 2008” Recession And Banking Crisis


Support free writers: > send a tip

written by

In a letter to shareholders on Tuesday, Jamie Dimon, CEO of JPMorgan Chase & Co, conveyed that the impact of the U.S. banking crisis will persist for years to come.

“The current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come,” stated Dimon in a 43-page annual message, covering a variety of topics ranging from JPMorgan’s performance to geopolitics and regulation.

Dimon added, “The market’s odds of a recession have increased, and while this is nothing like 2008, it is not clear when this current crisis will end. It has provoked lots of jitters in the market and will cause some tightening of financial conditions as banks and other lenders become more conservative.”

According to Dimon, it remains uncertain whether the disturbances will impede the consumer spending that powers the U.S. economy.

Dimon highlighted that the risks that led to the current crisis were obvious, such as the interest rate exposure and uninsured deposits at Silicon Valley Bank. But he downplayed the similarities to the global financial crisis of 2008, stating that the present banking crisis involves fewer financial players and issues that need to be resolved.

Following his appointment as the head of JPMorgan in 2006, Dimon oversaw the bank’s acquisition of Bear Stearns, a troubled investment bank during the financial crisis of 2008, as well as Washington Mutual, which was the largest savings and loan failure in the history of the United States.

Enjoyed the article?

100% of your tips go directly to [email protected]
Need a wallet? Get it here

⚡️ Tip The Author

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter