Jamie Dimon, CEO and Chairman of JPMorgan Chase, recently sat down with 3 News Now for an interview in which they discussed a series of different topics. Jamie Dimon acknowledged his concerns about cryptocurrencies in the interview, but he emphasised that people’s rights to use cryptocurrency should be protected.
Jamie Dimon was speaking in an interview with 3 News Now ahead of the Berkshire Hathaway annual shareholders meeting, which is set to take place this weekend. When questioned about cryptocurrencies, especially Bitcoin, he stated:
“I usually state that I don’t like it. I support your right to do so. I’d advise you to be really cautious about how much money you put into it.”
His comments, on the other hand, did not come as a surprise. He has never shied away from expressing his doubts regarding cryptocurrencies throughout the years.
In October 2021, he attacked cryptos, including Bitcoin, declaring them useless. He has long maintained that cryptos are based on sentiment rather than genuine fundamental worth. He said that the majority of cryptocurrency values were unknown, and that rules and regulations would destroy cryptos.
Despite Jamie Dimon’s challenging position on cryptos, he said in the interview that not everything is bad and that he would support anyone’s right to invest in crypto. Furthermore, he acknowledged that there were a few advantages to cryptos and their underlying technology, blockchain. He acknowledged that the banking sector had issues that would be addressed by blockchain technologies.
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