Although JPMorgan Chase will reportedly offer a bitcoin fund for rich shoppers, chairman and CEO Jamie Dimon nonetheless is not personally offered on the cryptocurrency.
“I am not a bitcoin supporter,” Dimon mentioned throughout The Wall Street Journal CEO Council summit on Tuesday. “I do not care about bitcoin. I’ve no real interest in it.”
“Alternatively, shoppers have an interest, and I do not inform shoppers what to do,” he mentioned.
“Blockchain is actual. We use it,” in accordance with Dimon. “However folks should keep in mind that a foreign money is supported by the taxing authority of a rustic, the rule of legislation, a central financial institution.”
It isn’t the primary time Dimon has been bearish on bitcoin, the most important cryptocurrency by market worth.
In September 2017, Dimon called bitcoin “a fraud” on the Delivering Alpha convention offered by CNBC and Institutional Investor. “It is simply not an actual factor, finally will probably be closed. It will not finish nicely.”
However just a few months later in January 2018, Dimon he had “regret” about making the remark. “I am not that a lot within the topic in any respect,” Dimon advised Fox Enterprise.