JPMorgan CEO: I personally think Bitcoin is worthless

JPMorgan CEO, Jamie Dimon is pictured. (Paul Morigi/AP Photo)

JPMorgan CEO, Jamie Dimon is pictured. (Paul Morigi/AP Photo)

OAN Newsroom
UPDATED 8:27 AM PT – Tuesday, October 12, 2021

JPMorgan CEO, Jamie Dimon recently doubled down on his hesitation toward Bitcoin. During a virtual event Monday, he said he personally finds the cryptocurrency “worthless.”

The big bank head has been open about his skepticism of Bitcoin, even referring to the new technology as a “fraud” and “fools gold.” In the meeting, Dimon then drew the comparison of bitcoin to smoking cigarettes, but ultimately said it makes no difference what he believes.

“I don’t think you should smoke cigarettes either,” he asserted. “Our clients are adults. They disagree. That’s what makes markets. So, if they want to have access to buy yourself bitcoin, we can’t custody it, but we can give them legitimate as clean as possible, access.”

Despite Dimon’s criticism of Bitcoin, JPMorgan has begun offering clients access to six cryptocurrency products.

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