JPMorgan Chase CEO Jamie Dimon (Jamie Dimon) reiterated his position on Bitcoin while acknowledging that his bank customers are interested in cryptocurrencies. “I didn’t tell the customer what to do,” he said while emphasizing that he doesn’t care about Bitcoin.
Jamie Dimon is not interested in Bitcoin, but his clients are
Jamie Dimon talked about Bitcoin at the Wall Street Journal CEO Council Summit on Tuesday. The boss of JP Morgan Chase reiterated his stance on cryptocurrency, stating:
I am not a supporter of Bitcoin. I don’t really care about Bitcoin…I am not interested in it.
He pointed out that he hopes his Bitcoin comments will attract attention. He said: “I will receive a lot of emails after I know it.” As early as September 2017, Dimon called Bitcoin a fraud.
Although the CEO of JP Morgan Chase may not support Bitcoin, his bank began to offer some cryptocurrency-related products. In March, JPMorgan Chase launched an encrypted investment product to track the stocks of listed companies with exposure to Bitcoin. There are rumors that the bank is about to provide customers with a way to invest in Bitcoin.
Dimon admitted that JPMorgan’s clients are interested in Bitcoin. He pointed out:
On the other hand, customers are very interested, I don’t tell them what to do… They want to be able to put it in the report, they want to be able to buy and sell.
The CEO of JPMorgan Chase said affirmatively: “If we can help them do these things very, very safely with all appropriate disclosures, then… it is not my job to determine how they will handle their money.” More and more Companies put Bitcoin on their balance sheets, such as Microstrategy, Tesla, and Square.
Daniel Pinto, co-president of JPMorgan, explained in February that he was convinced that demand for Bitcoin “will [there] At a certain point. “The executive added: “If an asset class develops over time and is used by different asset managers and investors, we will have to participate. “
At the same time, Dimon is pro-blockchain. “Blockchain is real. We use it,” the CEO shared. “But people must remember that currency is supported by a country’s taxation authority, the rule of law, and the central bank.”
JPMorgan recently highlighted three reasons for investing in Bitcoin. Its analysts predict that as its competition with gold intensifies, the price of the cryptocurrency may reach $146,000. The company subsequently lowered its Bitcoin price estimate to $130,000, but stated that customers can invest 1% of their investment portfolio in BTC. Dimon said in April that cryptocurrency is an emerging issue that needs to be dealt with quickly.
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