Jamie Dimon Should Be Terrified of DeFi
In 2021, JPMorgan Chase CEO Jamie Dimon circulated a memo to his top management team.
In that memo, he said they should be “scared s—less” about the fintech threat.
I’m here today to tell you that Dimon is worried about the wrong threat.
In this short video, I explain how the DeFi industry is reinventing what it means to be a bank.
(If you’d prefer to read a transcript, click here.)
Editor, Strategic Fortunes
From open till noon Eastern time.
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My career on Wall Street started while I was in college. I spent a summer interning for Merrill Lynch in the middle of the ‘90s bull market. I was fascinated with trading, and as a result, after college, I joined Salomon Brothers in the famed mortgage bond trading department. Later, I spent time at Citigroup working with credit derivatives. Eventually, I needed to walk away from the excess of Wall Street. That’s when I joined Banyan Hill in 2017. Now I help readers get ahead of the market and build their retirements.