Jamie Dimon, longtime Bitcoin critic and CEO of JPMorgan Chase, repeated his suspicion of the cryptocurrency in an interview Wednesday, specifying “I’ve constantly stated that bitcoin doesn’t have worth.” His remarks come on the exactsame day the SEC authorized anumberof area bitcoin exchange-traded funds (ETFs), opening up the crypto market to more mainstream financialinvestment.
Keypoints
- Jamie Dimon, CEO of JPMorgan, firmlyinsists Bitcoin has no intrinsic worth and is utilized primarily for prohibited activities like sex trafficking and terrorism funding
- However, JPMorgan has partnered with BlackRock as a lead licensed individual to aid launch BlackRock’s area Bitcoin ETF
- This appears inconsistent offered Dimon’s strong unfavorable position on Bitcoin
- Dimon restated his anti-Bitcoin views in an interview on the verysame day the SEC authorized numerous area Bitcoin ETFs
- Despite Dimon’s criticism, JPMorgan and other significant monetary organizations are finding methods to get included with Bitcoin as adoption grows
Dimon firmlyinsisted Bitcoin’s just real usage cases are for unlawful activities like sex trafficking and terrorism funding. He veryfirst made comparable declares last month throughout a Senate Banking Committee hearing, stating he would “shut down crypto” if he were in federalgovernment.
His position contrasts dramatically with actions JPMorgan hasactually taken to position itself as a leader in the quickly developing crypto property market. The banking giant was called as an licensed individual in BlackRock’s area bitcoin ETF filing with the SEC.
Jamie Dimon doubles down on stating #Bitcoin is just utilized for:
Sex trafficking
Tax avoidance
Money laundering
Te