JPMorgan's CEO, America's Largest Bank, Talks About Bitcoin Again! Was He an BTC Enemy, Has His Opinion Changed?

2025-01-12 22:01:58

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Jamie Dimon, CEO of JPMorgan Chase, the largest bank in America, reiterated his critical stance on Bitcoin while emphasizing the inevitability of digital currencies and once again sharing his views on cryptocurrency.

Speaking during an interview, Dimon expressed his belief that some form of digital currency would emerge in the future. “At some point, we will have some form of digital currency. I am not against cryptocurrencies,” he said.

However, Dimon’s comments on Bitcoin were less positive. Reiterating his skepticism, he said: ‘Bitcoin has no intrinsic value. It is primarily used by people engaged in illegal trade, money laundering, and ransomware.’ Despite his criticisms, he acknowledged individuals’ right to buy and sell cryptocurrency, stating: ‘I support your desire to buy or sell Bitcoin. However, this does not mean I endorse BTC.’

This latest comment follows Dimon’s long history of outspoken criticism of Bitcoin. In the past, he likened Bitcoin to a ‘pet rock’ and dismissed it as a speculative asset lacking intrinsic value.

The concept of pet rock is an expression originating from a period in the US when an entrepreneur claimed that some rocks were special and sold them to people.

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