Jamie Dimon, the CEO of JPMorgan Chase, has already stated that he is not a fan of Bitcoin and has now repeated his stance on the world’s most popular cryptocurrency, calling it “worthless.” Many detractors appear to have been hushed by Bitcoin’s excellent performance in recent weeks, but Dimon is a firm believer in cryptocurrencies as a serious investment. Governments will regulate cryptocurrencies as an asset class, according to Dimon, and this regulation is required.
Dimon, who has previously been an outspoken opponent of Bitcoin, stated, “I personally think that Bitcoin is worthless. But I don’t want to be a spokesman for that, I don’t care. It makes no difference to me.” However, while addressing briefly at the annual Institute of International Finance event, Dimon indicated that the largest bank in the United States will provide its clients exposure to Bitcoin.
“Our clients are adults. They disagree. That’s what makes markets,” Dimon stated. “So, if they want to have access to buy yourself bitcoin, we can’t custody it but we could give them legitimate, as clean as possible, access.”
Given their strong interest in cryptocurrencies, JPMorgan CEO Jamie Dimon has stated that he has no problem giving investing alternatives to his Bitcoin-hungry clientele. Jamie Dimon’s attitude appears to have shifted significantly. JPMorgan Chase CEO Jamie Dimon said in 2017 that he didn’t want any of his workers to trade Bitcoin, calling it a “fraud worse than tulip bulbs” and comparing it to “fool’s gold” earlier this year.
Despite Dimon’s views, JPMorgan started providing crypto assets to its wealth management customers in July 2021. Bitcoin’s strong start to the week appears to have been aided by the CEO’s remarks, with the cryptocurrency edging closer than ever to a new all-time high.