JPMorgan Chase & Co. JPM Chairman and CEO Jamie Dimon has been skeptical of bitcoin and cryptocurrencies for years now. Back in 2017, he denounced bitcoin as a “fraud” and said he would fire any JPM employees caught dabbling in cryptocurrencies.
He’s produced a steady stream of downbeat commentary since then, maintaining his skeptical outlook regardless of bitcoin’s price, and even as JPM explored business opportunities in the crypto space. During the middle of last year’s epic crypto bull run, he slammed bitcoin as “worthless.” The term “pet rocks” was once used by markets gurus to criticize gold, an asset that has struggled this year due to its lack of a yield. Dimon and others have at times repurposed the term to slam bitcoin — which has at times been called “digital gold” — and its peers.
To be sure, Dimon caveated his cryptocurrency criticism by saying that he still believed in the benefits of blockchain technology and “Web 3.0.”
Funny that you cannot build anything on a currency, literally nothing
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digitalassetbuy Cause JP Morgan says so 🤣
How does he feel about JPMcoin.
digitalassetbuy You mean the guy directly competing with Digital Assets says he doesn't like it
Jamie Dimon is a scumbag
Make up your mind Jamie.
We believe you! Getting a tad boring now though. Got to feel for people who don’t know the game.
Jamie Dimon is a As trustworthy as a pyromaniac in a fire department he’s been burning down our economy for decades and he’s trash talking bitcoin.
Yet big banks, hedge funds and governments are investing billions in pet rocks…. 🤔🤡
Pet rocks would be commodities, not securities. Thanks for the support in the Ripple vs. SEC case Mr. Diamond.
He's true. He charges $35 cash overdraft fees and 30% penalty credit card rates for arbitrary reasons that also don't reflect underlying cost or value delivered. The man knows lack of substance when he sees it. It's his bread and butter.
Where does your wealth come from? Pet rocks son
At the end of the day, crypto's value is not guaranteed by anything meaningful at all. It's can't not fail eventually.
Isn't JD/JPM in bed with the SEC for crypto market advantages? 🤔
Last I checked, cryptocurrencies are currencies. Is he saying a piece of paper has more intrinsic value than a rock? So fun to watch officials bash something for no other reason than it is decentralized. Central banks have been ripping us off since it’s inception!
digitalassetbuy bullish
And to think, these are the people that own government...
His pet rock is called the JPMCoin isnt it?
Do what they do, not what they say
digitalassetbuy Yeah heard all that before.. move along Jamie.
Maybe because their losing
digitalassetbuy That’s why his firm has been in Ripple office multiple times. Also why is every other govt in the world partnering with ripple? Bc they have the solution to liquidity problems and INSTANT settlement. Jamie is a 🤡🤡🤡🤡🤡🤡
digitalassetbuy Nobody believes what Jamie Dimon says. Can somebody ask him why JP Morgan have got their own Cryptocurrency - The JPM Coin? 🤡🙃🤣
Funny considering jpmorgan created their own 'pet rock'.
digitalassetbuy Clown
digitalassetbuy I love my pet rocks
And J D is an “organized” crime boss. Pay a fine and continue stealing! That’s what his company does. He is the face of Greed, Corruption, and Manipulation. A Smug Prick for sure. The people in the know.. KNOW. Have a nice day..
Indeed a complete Ponzi scheme
🤦🏻♂️
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Source: CNBC - 🏆 12. / 72 Read more »