As the Bitcoin price continues to fluctuate, J.P. Morgan CEO’s comments attract attention. Dimon, who has an extremely harsh stance on Bitcoin, was speaking in Davos at the time this article was written. How did he change his mind about cryptocurrencies?
JPMorgan and Cryptocurrencies
Jamie Dimon, who runs the world’s largest bank, has long opposed cryptocurrencies. He even said late last year that he would destroy it if he could. He said on September 17, 2017:
“I would fire JPM traders caught trading Bitcoin in a second because they are stupid.”
Today it appears that the bank has changed its mind, at least considering that it plays an active role in the Spot Bitcoin ETF, and in fact has already done so. . While preparing the article, he said in Davos:
“My personal advice is not to get involved with Bitcoin. This is the last time I will talk about Bitcoin. I defend your right to buy Bitcoin. What if Satoshi comes back and deletes all Bitcoins?
So far, it’s positive that JPM has moved away from the idea that employees are stupid. Could he perhaps become one of the most convincing Bitcoin maximalists in the next five years? We’ve seen this with Saylor and many other celebrities.
