Although JPMorgan Chase will reportedly offer a Bitcoin fund to wealthy clients, Chairman and CEO Jamie Dimon is still not personally traded for cryptocurrency.
“I’m not a bitcoin supporter,” Daimon told The Wall Street Journal’s Board of Directors summit on Tuesday. “I don’t care about bitcoin. I do not care”.
“On the other hand, customers are interested and I don’t tell customers what to do,” he said.
“Blockchain is a reality. We use it, ”says Daimon. “But people must remember that the currency is backed by the country’s tax authority, the rule of law, the central bank.”
This is not the first time that Daimon has shown a bearish stance on Bitcoin, the largest cryptocurrency by market value.
In September 2017, Daimon called Bitcoin a “scam” at the Delivering Alpha conference presented by CNBC and Institutional Investor. “It’s just not a real thing, it will eventually be closed. It won’t end well. “
But a few months later, in January 2018, Dimon “regretted” his comment. “I’m not interested in this topic at all,” Dimon told Fox Business.
Aside from personal opinions, JPMorgan announced in February 2019 that it would release a digital currency called JPM Coin, and in October 2020, the firm created a new unit for blockchain projects.
Bitcoin is trading at around $ 53,835.92 as of 12:56 pm EST, with a market value of over $ 1 trillion, according to CoinDesk.
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