Wednesday, October 13, 2021

JPMORGAN ON BITCOIN AND ROLLING OUT THEIR OWN CRYPTO

During an event hosted by the Institute of International Finance, JPMorgan Chairman and CEO Jamie Dimon has shared his thoughts on the bitcoin once again. It was many times before he called bitcoin a “fool’s gold” or “a fraud”. However, despite any negative comments, coming from some important figures in Finance or Economy field, Bitcoin is still one of the most wanted crypto globally.

“I personally think that bitcoin is worthless,” said Dimon most recently about the $1 trillion asset. “How do you know it ends at 21 million? You all read the algorithms? You guys all believe that? I don’t know, I’ve always been a sceptic of stuff like that”-he added.

JPMorgan is a leading global financial services firm, but the statements of the Dimon doesn’t quite measure with the position of JPMorgan itself- following the expanding interest in digital assets, JPMorgan rolled out their own cryptocurrency-JPM coin.


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