The CEO of global investment bank JPMorgan, Jamie Dimon, says bitcoin is “worthless,” questioning whether the supply of bitcoin is actually limited. He also noted that blockchain and stablecoins can be real, emphasizing that governments are going to regulate the industry.
Bitcoin Is Worthless and Supply May Not Be Capped, JPMorgan CEO Jamie Dimon Suggested
JPMorgan CEO Jamie Dimon reiterated his anti-bitcoin stance Monday at the 2021 Institute of International Finance (IIF) Annual Membership Meeting, which was held virtually.
“Blockchain can be real, stablecoins can be real,” Dimon said. “No matter what anyone in the room thinks, nor what any libertarian thinks, nor what anyone thinks about it, government’s going to regulate it.” He opined:
I personally think that bitcoin is worthless.
But, “I don’t want to be a spokesperson. I don’t care. It makes no difference to me,” he added.
Nonetheless, the JPMorgan boss emphasized: “Our clients are adults. They disagree. That’s what makes markets, so if they…