JPMorgan CEO Jamie Dimon Still Not A Fan Of Bitcoin Despite Rapid Price Rally
In a recent interview with Axios, JPMorgan CEO Jamie Dimon took aim at Bitcoin, claiming that the number one cryptocurrency by market capitalization has no intrinsic value.
Dimon also predicted that governments would crack down on cryptocurrencies:
It has no intrinsic value. And the organizers will organize hell out of it.
His latest comments, in particular, come less than two weeks after The Times of India published its interview with Dimon, in which the head of the legendary bank suggested that the benchmark cryptocurrency could see a tenfold increase in price:
I think if you borrow money to buy bitcoin, you are an idiot. This does not mean that it cannot be priced up to 10 times in the next five years.
He also stated that he doesn’t really care about Bitcoin despite making headlines with his controversial statements about the crypto king for years.
During his conversation with Axios, Dimon also shared his future plans, claiming that he would not leave JPMorgan until the day he died:
But I also like to have a purpose. And my target is JPMorgan. …I love doing it, and I will do it until the day I die.
