Bitcoin commotion is said to have no value

 Jamie Dimon, Chairman and CEO of one of the largest banks in the United States, JP Morgan Chase, has again voiced his distaste for cryptocurrencies, especially Bitcoin. He stated that Bitcoin has no value at all even though in the market it costs hundreds of millions.

"I personally think that Bitcoin is worthless," said Dimon

But he doesn't want to be the kind of spokesperson to point out Bitcoin's weakness. "I don't want to be a spokesperson, I don't care. It makes no difference to me," he added.

Some clients admittedly disagree with his statement and it is not a problem. "Our clients are adults. They don't agree. That's what creates the market. So if they want to have access to buy Bitcoin, we can't prevent it but we can give them access as official and as clean as possible," he explained.

On the occasion of a previous interview, he expressed a similar opinion. "Bitcoin has no intrinsic value. And regulators will really regulate it very hard," he said more or less.

He admits Bitcoin will still exist in the long term. But some countries may later categorize it as something illegal.

Jamie added that Bitcoin should be regulated by the government. Moreover, there are some parties who use Bitcoin to commit criminal acts.

"You can call it an asset or something like that, but if people use it to evade taxes or the sex trade or ransomware, then it gets regulated, whether you like it or not," he argues.

He has long expressed his distaste for Bitcoin. "I'm not a Bitcoin supporter. I don't care about Bitcoin. I have no interest in Bitcoin," he said some time ago.

Of course, many also support Bitcoin as the future of finance. One of the most vocal Bitcoin proponents for example is the founder of Twitter, Jack Dorsey.

Bitcoin commotion is said to have no value Bitcoin commotion is said to have no value Reviewed by thecekodok on 4:58:00 AM Rating: 5
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