Jamie Dimon

JPMorgan CEO Jamie Dimon states That Cryptocyrency is a ’’Scam’’

Jamie Dimon resumed with his trashing of Bitcoin, calling it a ’’scam’’ at the Aspen Institute’s 25th Annual Summer Celebration Gala on Saturday.

Soon after, he was quoted in both mainstream press and online by a lot of influential economic sources, most notably by Nouriel Roubini, who also has a critical point of view when it comes to Bitcoin, and cryptocurrency in general.

Furthermore, Dimon stated that the government should shut down cryptocurrency because of their lack of the authority on them.

After he caused a commotion in 2017, when he initially dubbed Bitcoin a scam, Dimon has since regretted his statement, later explaining that he will not be talking about Bitcoin anymore, as there are more important issues in the world.

However, in January, Dimon added that he is not skeptical toward cryptocurrency. And in his interview that was published in July-August Dimon noted that the blockchain technology is ’’real’, but that cryptocurrency isn’t.

Ever since, conflicted ’’emotions’’ appeared from other JPMorgan sources, such as co-presidents Daniel Pinto’s, when he told CNBC that the cryptocurrencies are real, but not in their current form.


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