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HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 03/13/1956
Public asset : 1,443,263,289 USD
Linked companies : JPMorgan Chase & Co.
Biography : Mr. James Dimon is a Chairman & Chief Executive Officer at JPMorgan Chase Bank, NA and JPMorgan Chas

JPMorgan's Dimon blasts bitcoin as 'worthless'

10/11/2021 | 04:16pm EST

CEO of JPMorgan Jamie Dimon has once again slammed Bitcoin...

At a virtual conference on Monday, Dimon said that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless."

Dimon, who leads the largest U.S. bank, has been a vocal critic of the digital currency.

He once called Bitcoin a fraud, then later said he regretted the statement.

While JPMorgan's financial advisers can accept buy and sell orders from clients for five cryptocurrency products, Dimon said he remains skeptical.

On Monday, he said (quote) "I personally think that bitcoin is worthless. I don't think you should smoke cigarettes either..."

Bitcoin trading showed no immediate reaction to Dimon's comments.

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN (BTC/EUR) 1.83% 48442.26 Real-time Quote.122.74%
BITCOIN (BTC/USD) 1.74% 54643.14 Real-time Quote.104.04%