JPMorgan CEO Jamie Dimon’s views on bitcoin haven’t changed much over the past few years. For his part, Dimon still thinks one shouldn’t invest in bitcoin.
At a virtual hearing hosted by the U.S. House Committee on Financial Services on Thursday, Dimon said bitcoin is not supported by any assets and “something that’s not supported by anything I do not believe has much value.”
“My own personal advice to people is to stay away from it,” said Dimon. He was responding to a question by Ohio Representative Warren Davidson, a crypto-friendly congressman.
While Dimon’s personal views on bitcoin haven’t changed, there seems to be a notable change in his tone about it. Dimon said his opinion doesn’t mean JPMorgan clients don’t want exposure to bitcoin.
This goes back to how one has to run a business, said Dimon, giving the example of marijuana.
“I don’t smoke marijuana, but if you make it nationally legal, I’m not going to stop our people from banking it and etc.,” said Dimon. “I don’t tel
Elon Musk Sells Tesla Shares Worth $3.58 Billion, Will He Buy Bitcoin Or Dogecoin?
For the fourth time this year, Elon Musk has sold Tesla shares worth billions. The crypto community is…
