JPMorgan CEO Jamie Dimon returns to the Bitcoin echelon, calling Cryptocurrency a "Scam"

JPMorgan's CEO, Jamie Dimon, returned to his most critical comments on Bitcoin, calling the cryptocurrency a "scam" and saying it had "no interest" in it, Bloomberg reported on Sunday 5 August.

Dimon was talking to the Aspen The 25th annual Saturday summer celebration celebrations of the Saturday Institute, including cryptocurrency as part of the general comments he made on the US economic prospects.

His words were soon repeated both by the official press and online by important economic sources, in particular Nouriel Roubini which this year became famous also for his critical position on Bitcoin.

According to Bloomberg, Dimon further "suggested that governments could switch to closing currencies [cryptocurrency] due to the impossibility of controlling them".

The history of the finance magnate with cryptocurrency has been checked. Having caused a sensation in September 2017, when he originally called Bitcoin a "fraud", Dimon later appeared to change his tact, saying later that he had regretted his choice of words.

"I would not put that high in the category of important things in the world, but I will not talk about bitcoin anymore," he told reporters last October.

In January, Dimon kept his promise, telling Cointelegraph in private comments that he "can not answer" when asked how he felt about moving markets with his previous "Bitcoin fraud" comments. However, he added that he was not "skeptical" about cryptocurrency.

In his recent interview published in the July-August issue of Harvard Business Review, Dimon refused to comment directly on cryptography, reiterating "I probably should not" In the same interview, Dimon also committed himself to defining "real" blockchain technology, implying that cryptography is not, claiming that the banking giant is "testing it [blockchain] and using it for a lot of things."

Since then, conflicting signals have emerged from other sources JPMorgan, the president of the company Daniel Pinto who tells CNBC in May that the cryptocurrencies "are real but not in their current form." the added executives were "examining" the space at a time when corporate finance giant Goldman Sachs revealed that he was working for offer future on Bitcoin.

Source link