Dimon recently said at an event of the International Finance Association: "I personally think Bitcoin is worthless."
He said, “I don’t want to be a spokesperson — I don’t care. It doesn’t matter to me. Our customers are adults and they constitute the market. So if they want to get a way to buy Bitcoin, although we can’t keep it Bitcoin, but we can give them legal and as clean a way as possible."
In February 2019, JPMorgan Chase stated that it would launch a digital currency called JPM Coin. In October 2020, the company established a new department for blockchain projects. In August, the company began allowing its wealth management clients to trade cryptocurrency funds.
Jamie Dimon, Chairman and CEO of JP Morgan Chase
However, Dimon's own anti-cryptocurrency stance remains firm.
Recently, he told Jim Van der Hey, CEO of the Aksios News website, that Bitcoin "has no intrinsic value." Although he believes that Bitcoin will exist for a long time, he said, "I always think that Bitcoin will be considered illegal somewhere, so I think it's a bit like fool's gold."
Dimon also told Van der Hai that he believes that "regulators will strictly monitor it."
He may be right: Recently, the US government has paid great attention to regulating the cryptocurrency market. Bloomberg reported that the Biden administration is considering issuing an executive order requiring federal agencies to study the cryptocurrency market and provide advice.
Although supervision may be strengthened, Federal Reserve Chairman Jerome Powell clarified at the end of September that he has no intention of banning Bitcoin in the United States.
Some financial experts believe that well-thought-out regulation is beneficial in the United States. Anjali Jaliwala, a certified financial planner, certified public accountant, and founder of Fett Consulting, said: "If people want cryptocurrency to become a mainstream asset to a greater extent, then I think (regulation) is necessary The first step."
However, cryptocurrency proponents are wary of further regulation-they worry that certain regulatory frameworks may stifle U.S. innovation in cryptocurrency and push business overseas.
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