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Billionaire and CEO of JPMorgan Chase, Jamie Dimon about BTC: Please stop talking about this!

Jamie Dimon about BTC

Billionaire and CEO of JPMorgan Chase, Jamie Dimon, has once again taken a critical stance against Bitcoin. This time, his mockery is centered around the recent approval of a Bitcoin exchange-traded fund (ETF) by the U.S. regulatory authorities. In an interview with CNBC's Squawk Box, Dimon argued that Bitcoin serves only to subvert legal regulations.

Despite Bitcoin attracting unprecedented attention, particularly with the introduction of BTC ETF funds, it continues to face staunch opposition from certain quarters. Among its prominent critics is Jamie Dimon, a billionaire, banker, and CEO of JPMorgan. His disparaging remarks about Bitcoin and the broader cryptocurrency market have become well-known within the blockchain community.

In a recent interview organized for the World Economic Forum 2024 in Davos and conducted by CNBC, Jamie Dimon seized the opportunity to criticize Bitcoin once more. The interviewer posed questions about Dimon's perspective on BTC ETFs, prompting him to commence his commentary by commending blockchain technology.

According to Dimon, this technology could find utility in the realm of "real finance." However, when addressing Bitcoin, he unequivocally stated that BTC's sole purpose is to circumvent the law, engaging in activities such as fraud, tax evasion, and human trafficking, and asserted that it lacks intrinsic value. Dimon, in a somewhat ironic tone, admitted that he cannot prevent individuals from investing in BTC ETFs and thus has no objections on that front.

Throughout the interview, Jamie Dimon expressed doubt regarding the commonly accepted belief that the total supply of bitcoins is limited to 21 million. In his view, Satoshi Nakamoto, the mysterious creator of Bitcoin, may reveal themselves in the near future and, with a sardonic laugh, dismantle the entire Bitcoin project.

Despite disagreements from invited guests who sought to engage in a discussion with Dimon, he abruptly concluded the conversation with a straightforward plea: "please stop talking about this shit." Dimon's final assertion conveyed his belief that if Bitcoin continues to be exploited for illicit activities, the U.S. government may find it necessary to shut down Bitcoin – a statement whose implications remain open to interpretation.


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