What did the JPMorgan CEO say for the “last time” talking about Bitcoin?

The JPMorgan CEO stated that this is the last time he has offered an opinion on Bitcoin.

The CEO of JPMorgan, Jamie Dimon, continues to criticize Bitcoin (BTC) and caution the public against using it.

In a recent interview with CNBC on the sidelines of the World Economic Forum, the “Napoleon of Wall Street” executive reaffirmed his view that Bitcoin is only used by criminals involved in fraud and tax evasion.

However, this is merely a personal viewpoint, the CEO respects the freedom of investment for all. He advised the public not to participate or touch Bitcoin, citing the fact that it is highly unlikely.

Satoshi will return and create additional Bitcoin beyond the 21 million BTC limit.

“Blockchain is real, it’s a technology the world is using and has been the subject of excessive discussion over the past 12 years. Thus, do not waste too many words on it.“

Dimon divides crypto into two categories. Firstly, coins have real functions, being applied in transactions or tokenizing real estate. Secondly, “Pet Rock,” a pet made of rocks, is regarded as the most bizarre yet successful marketing stunt ever.

In response to a question concerning the possibility of large asset managers such as Fidelity and BlackRock entering the competition for the recently approved Bitcoin spot ETF by the US, Dimon stated emphatically that he was “not interested” and that this would be the last time he would discuss the cryptocurrency.

During the annual hearing of the US Senate Banking Committee late last year, Jamie Dimon urged Senator Elizabeth Warren to ban crypto. In front of the National Assembly, he declared that he would eliminate cryptocurrency if he were the government.

On the other hand, JPMorgan is in charge of organizing trading and plays an important role as a trustee for BlackRock’s iShares Bitcoin ETF (IBIT).

As Betomon reported, a historic turning point has recently occurred in the history of cryptocurrencies. On January 10, the US Securities Commission (SEC) officially approved the issuance of 11 Bitcoin spot ETFs. Within the first three days of trading, 9.6 billion USD were invested into these ETFs. 

However, not everyone accepts this “trend,” including large traditional financial asset management firms like Grayscale, Fidelity, and BlackRock… Jamie Dimon, the CEO of JPMorgan, is a typical instance.

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