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Bitcoin is a "fraud" and "Ponzi scheme" and cannot serve as a currency, Jamie Dimon said. The JPMorgan CEO said cryptos that enable smart contracts and blockchain apps might have value.
Jan 17, 2024 · JPMorgan Chase CEO Jamie Dimon reiterated his negative view on bitcoin, calling it "worthless" and a "hyped-up fraud" at the World Economic Forum. He said he was done talking about bitcoin and that blockchain had real use cases, while bitcoin did not.
- Mackenzie Sigalos
- 6 min
News about Jamie Dimon, JPMorgan Chase, economy
News about Bitcoin, halving, Standard Chartered
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Dec 6, 2023 · JPMorgan Chase CEO Jamie Dimon said he was "deeply opposed" to bitcoin and other cryptocurrencies, and that they should be closed down by the government. He made the remarks during a Senate Banking Committee hearing on Wednesday, where he also agreed with Sen. Elizabeth Warren on anti-money-laundering rules for crypto firms.
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May 26, 2022 · Bitcoin’s recent slide has left the digital token well below its fair price, giving the cryptocurrency “significant upside” now, JPMorgan Chase said in a research note this week. The bank ...
- 12 min
- Nicolas Vega
Dec 29, 2023 · Jamie Dimon, who has repeatedly criticized bitcoin, will play a key role for BlackRock's proposed bitcoin ETF. This contradicts his statements that he is deeply opposed to crypto and that the only use case for it is criminals.
- nick.baker@coindesk.com
- Deputy Editor-In-Chief
Sep 12, 2017 · JPMorgan chief executive Jamie Dimon issued a sharp condemnation of cyrpto-currency bitcoin, declaring that it was a “fraud” that should only be invested in by murderers, drug dealers and...
Mar 12, 2024 · March 12, 2024, 4:26 AM PDT. JPMorgan Chase chairman and CEO Jamie Dimon said the Bitcoin frenzy may be a sign of an unsteady market. SAUL LOEB—AFP/Getty Images. A Bitcoin frenzy has pushed...