Jamie Dimon, CEO of JPMorgan, recently reiterated his skepticism regarding Bitcoin, emphasizing that the cryptocurrency is often connected to illicit activities. He expresses concerns about its intrinsic value and acknowledges that a form of digital currency might exist in the future.
Dimon compared Bitcoin to smoking, highlighting that while PEOPLE have the right to choose, he questions the benefits of investing in Bitcoin. He stated, ‘I applaud your ability to want to buy or sell it, but I don’t think you should smoke.’
Despite his criticism of Bitcoin, Dimon remains a strong advocate for blockchain technology. He believes in its potential to revolutionize data transfer and efficiency in financial transactions, stating, ‘Blockchain is real. It’s going to move money and data.’