Although the organization he runs is significantly more opened to the cryptocurrency world these days, JPMorgan’s CEO, Jamie Dimon, advised people to stay away from digital assets. Nevertheless, he admitted that institutional clients of the bank have shown a high demand for such products in recent months.
Stay Away From Crypto, Says Dimon
The Chairman and Chief Executive Officer of JPMorgan Chase and Co has a somewhat controversial history with bitcoin and the rest of the crypto market. Back in 2017, amid the parabolic price increase, he called the primary digital asset a “fraud.”
Interestingly, he apologized for his comments a year later, but it seems that his opinion has not changed much still. After calling it “not my cup of tea” in 2020, Dimon had more harsh words in recent testimony to the US House Financial Services Committee.
In it, the billionaire outlined that his “personal advice to people is: stay away from it.” Furthermore, Dimon added that cryptocurrencies ca
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