Jamie Dimon, CEO of JPMorgan Chase, has reiterated his skepticism about the value of bitcoin in an interview with CBS News. He stated that while he doesn’t oppose the concept of digital currencies, bitcoin itself has no intrinsic value and is often used by illicit actors such as sex traffickers, money launderers, and ransomware attackers.
Dimon previously compared cryptocurrencies to “pet rocks,” suggesting they are useless. However, he acknowledged the legitimacy of blockchain technology, which JPMorgan Chase already utilizes for its transactions. Stablecoins, a type of digital currency tied to other assets, have also shown promise, according to Dimon.
Notably, the incoming Trump administration has signaled support for the cryptocurrency industry, leading to a 121% increase in bitcoin’s price in 2024. Despite this, Dimon remains unconvinced about bitcoin’s value, but recognizes its potential as a digital currency that could work with blockchain technology.
Source: https://www.businessinsider.com/jamie-dimon-bitcoin-criticism-crypto-criminals-choice-2025-1