Jamie Dimon warns that cash as we know it will be virtually extinct by 2034, replaced by a completely digital monetary system that fundamentally changes the relationship between individuals, businesses, and governments. After managing JPMorgan through multiple technological revolutions and investing billions in blockchain technology (JPM Coin), Dimon reveals how China's operational digital yuan, Europe's advancing digital euro, and America's coming digital dollar will create unprecedented government control over every financial transaction. From calling Bitcoin a "fraud" to recognizing cryptocurrency's institutional power, Dimon explains how stablecoins, CBDCs, and DeFi platforms are already processing hundreds of billions while Apple, Google, and Amazon position to replace traditional banks entirely. With less than 10% of transactions currently using physical cash (down from majority in 1980s), the pandemic accelerated a transformation where every purchase becomes trackable, financial privacy disappears, and governments can monitor, block, or even confiscate money remotely through programmable digital currencies.
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