JPMorgan CEO Jamie Dimon, who once famously labeled Bitcoin a “fraud,” might have softened his stance since then—but he remains a crypto skeptic.
“I’m not a Bitcoin supporter,” Dimon said during the WSJ CEO Council Summit on Tuesday. “I don’t really care about Bitcoin. I have no interest in it.”
Dimon, however, conceded that his opinion of Bitcoin is at odds with that of JPMorgan’s clients, stating that, “On the other hand, clients are interested and I don’t tell clients what to do.”
Last year, the Dimon-led investment bank approved banking accounts for crypto exchanges Coinbase and Gemini, while also operating its own blockchain-based digital currency, JPM Coin—a stablecoin designed to enable instant transfer of value between bank account holders. JPM Coin is pegged 1:1 to the US dollar.
In addition, JPMorgan has established Onyx, an umbrella organization for its blockchain and digital currency initiatives.
‘Large Tech Client’ Uses JP Morgan’s JPM Coin For The F
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