Cryptocurrency, Featured

JPMorgan CEO Criticizes Bitcoin, Still Against The Cryptocurrency

Jamie Dimon, the CEO of JPMorgan slammed Bitcoin once again, referring to the cryptocurrency as a “scam.” However, the CEO said that he did not have any interest in the digital currency.

Dimon was addressing the 25th Annual Summer Celebration Gala of the Aspen Institute on August 4. He spoke about cryptocurrency while making some general comments about the economic outlook of the United States. Dimon also indicated that there is a possibility of governments shutting down cryptocurrency as there are issues to control them.

The CEO’s comments were repeated online as well as in the headlines of the mainstream press by many others instantly, especially, Nouriel Roubini who is also known for his skepticism on Bitcoin.

The history of this finance mogul with his approach towards cryptocurrency has been varied. Dimon created a raucous back in September 2017, when he had referred to Bitcoin as a “fraud.” The CEO retracted from his statement, later on, he “regretted” the words he chose.

Dimon Was Diplomatic About His Cryptocurrency Comments

Last October, Dimon said that the cryptocurrency did not feature as a high priority on his list of crucial things. He added that he would not discuss Bitcoin anymore.

Dimon actually kept his words in January when he said he “can’t answer” while Cointelegraph asked his feelings about his previous “fraud” comments about Bitcoin. However, he did admit that he was not skeptical about cryptocurrency.

According to Cointelegraph, Dimon was again asked about his opinion on cryptocurrency in an interview conducted by the Harvard Business Review in July-August issue. He kept his comments reserved while mentioning that he probably should not make any remarks about digital currency.

However, Dimon had flattering things to say about the Blockchain technology when he referred to it as “real”. He said that the technology can be used in different applications.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Pala Sen is an avid follower of fintech, travel and health updates, current affairs and entertainment news from all across the world and writing is a passion for her. She had been previously associated with the corporate world for several years and holds a degree in MBA and a postgraduate software diploma called GNIIT from NIIT.

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