Jamie Dimon Claims Bitcoin Lacks Value
Crypto/Finance

Jamie Dimon Claims Bitcoin Lacks Value

JPMorgan Chase CEO Jamie Dimon reiterates his criticisms of Bitcoin, stating its main applications involve illicit activities.

Summary

JPMorgan Chase CEO Jamie Dimon continues to express his opposition to Bitcoin.

Key Points:

  • Jamie Dimon stated that Bitcoin's primary uses include sex trafficking, money laundering, and ransomware.
  • Unlike BlackRock CEO Larry Fink, who changed his stance on Bitcoin, Dimon remains critical despite the increasing adoption of Bitcoin as a financial asset.

In his interview with CBS News, Dimon emphasized that "Bitcoin itself has no intrinsic value. It’s used heavily by sex traffickers, money launderers, and ransomware users. So I just don’t feel great about Bitcoin."
Translation: Bitcoin, according to Dimon, lacks inherent worth.

JPMorgan recently revamped its blockchain platform to Kinexys to enhance real-world tokenization capabilities, aiming to offer foreign exchange services on-chain in early 2025.

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