JPMorgan Chase CEO Jamie Dimon has said in the past that he does not like Bitcoin, and now reiterated his views on the world’s most popular cryptocurrency, calling it “worthless.” Bitcoin’s impressive performance over the past few weeks seems to silence many critics, but Dimon strongly opposes that cryptocurrency is a serious investment.
Dimon also said that cryptocurrency as an asset class will be regulated by the government, and regulation is necessary. Dimon, who has been criticizing Bitcoin in the past, said: “I personally think Bitcoin is worthless. But I don’t want to be its spokesperson, I don’t care. It makes no difference to me.” In other words, the largest bank in the United States will Provide Bitcoin exposure to its customers, Dimon said in a brief speech at the annual International Finance Association event. “Our customers are all adults. They disagree.
This is how the market is formed,” Dimon said. “So if they want to buy bitcoin for themselves, we can’t keep it, but we can provide them with legal and clean access as possible.” The CEO of JPMorgan Chase has assured that given their high interest in cryptocurrencies, he can now provide investment options for customers who desire Bitcoin. This seems to be a major change in Jamie Dimon’s attitude. In 2017, the CEO of JPMorgan Chase claimed that he did not want any of his employees to trade Bitcoin, claimed that Bitcoin was a fraud “worse than a tulip bulb”, and even compared it to a “dumb” earlier this year. gold”.
Despite Dimon’s sentiment, JPMorgan Chase began to provide its wealth management clients with access to encrypted assets in July 2021. The CEO’s comments also seem to have had an impact on Bitcoin’s bullish start to the week, closer than ever to record highs.
News Source : Gadgets 360
