JPMorgan Boss On Bitcoin
The Thoughts Of JPMorgan Boss On Bitcoin Haven’t Changed
During The Wall Street Journal CEO Council summit earlier this week, the thoughts of the JPMorgan boss on Bitcoin came up; and it doesn’t appear Jamie Dimon’s view has changed much since previous statements in 2017.
Although this time not referring to Bitcoin as a “fraud,” the JPMorgan CEO did say:
“I am not a Bitcoin supporter. I don’t really care about Bitcoin… I have no interest in it.”
Despite the thoughts of the JPMorgan boss on Bitcoin being negative, to say the least, the bank itself is moving into Cryptocurrencies – Bitcoin of course included. In March this year, they launched their own Crypto investment product and there was an admission from Dimon that while he has no interest in Bitcoin:
“On the other hand, clients are interested and I don’t tell clients what to do… They want to able to put it on statements, they want to be able to buy and sell it.”
Additionally, JPMorgan analysts had earlier this year predicted the price of Bitcoin to hit $146k (and since have dropped it down slightly to $130k). So again, Dimon’s comments on Bitcoin appear to be more personal than business stance and policy. Interestingly Dimon is pro-Blockchain though, and the JPMorgan site itself points to the benefits of this technology.
What do you think about the thoughts of the JPMorgan boss on Bitcoin? Entitled to his view, or is this an outburst that erodes clients choosing JPMorgan for potential Crypto investments? Let us know in the comments below.
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