Why Does Jamie Dimon Fear Bitcoin

Last Updated on January 2, 2023 by Paganoto

JPMorgan Chase CEO Jamie Dimon says bitcoin is 'worthless'

“I personally think that bitcoin is worthless,” Dimon said during an Institute of International Finance event on Monday, CNBC Pro reported.

Jamie Dimon, JPMorgan Chase chairman and CEO, remains a skeptic of bitcoin, the largest cryptocurrency by market value.

According to the Department of Justice of the United States, JPMorgan plead guilty to conspiring to manipulate the price of the U.S. dollar.

Jamie Dimon, the CEO of JPMorgan Chase, says that he does not particularly like crypto but will defend your right to invest in it.

Dimon warned that bitcoin prices will remain very volatile and could be hurt if countries crack down on their use, as China has recently done.

JPMorgan Chase boss Jamie Dimon famously bashed bitcoin as a “fraud” that global governments would “crush.” Less than two years later, …

JPMorgan CEO Jamie Dimon renewed his criticism of bitcoin today, declaring that he believes it to be a “fraud“. JP Morgan Chase chief executive …

Dimon spoke Monday at an event hosted by the Institute of International Finance. Despite Dimon’s criticism of bitcoin, JPMorgan has begun …

But JPMorgan Chase CEO Jamie Dimon hasn’t been shy about his dislike for the cryptocurrency, blasting it as “worthless” during a virtual summit …

He called Bitcoin a “fraud.” He said it was “worse than tulip bulbs”—an arcane reference to the tulip mania that seized 17th-century Holland, a …

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.