Jamie Dimon claims he&#x27s done conversing about bitcoin: ‘I don&#x27t care’

Jamie Dimon claims he&#x27s done conversing about bitcoin: ‘I don&#x27t care’


JPMorgan CEO Jamie Dimon on bitcoin: My personal advice is don't get involved

DAVOS, Switzerland — Bitcoin does very little, JPMorgan Chase CEO Jamie Dimon stated Wednesday on the sidelines of the Earth Economic Discussion board.

“I simply call it the pet rock,” he extra.

Dimon is a extended-time bitcoin critic. The bank main said in 2021 at peak crypto valuations that bitcoin was “worthless,” and he doubled down on that sentiment previous 12 months in Davos, Switzerland, when he instructed CNBC that the electronic currency was a “hyped-up fraud.” 

Bitcoin is investing just higher than $42,700, up a lot more than 100% in the earlier 12 months.

“This is the last time I’m talking about this with CNBC, so assist me God,” Dimon claimed. “Blockchain is actual. It can be a engineering. We use it. It really is heading to go income, it is really likely to move info. It really is effective. We’ve been speaking about that for 12 a long time, much too, and it can be quite tiny.”

“I feel we waste much too quite a few phrases on that,” Dimon added.

The bank chief went on to distinguish bitcoin from the other course of cryptocurrencies, the types by which blockchain has enabled the use of wise contracts. Good contracts are a programmable piece of code prepared on a community blockchain, such as ethereum, which executes when particular circumstances are satisfied, negating the will need for a central middleman. 

“There is certainly a cryptocurrency which could truly do some thing,” Dimon reported of smart chain-enriched blockchains. “You can use it to buy and market true estate and transfer details — tokenizing factors that you do a little something with.”

“And then you can find one particular which does absolutely nothing,” Dimon stated of bitcoin, even though he extra that there ended up actual use instances for the virtual coin, which incorporated upward of $100 billion a 12 months caught up in fraud, tax avoidance and sexual intercourse trafficking. “I protect your suitable to do bitcoin,” Dimon extra, stating, “I will not want to notify you what to do. So my personalized information would be never get associated. … But it is a free place.”

The world’s biggest cryptocurrency, with a sector cap of more than $830 billion, was cemented as an asset class last 7 days when the U.S. Securities and Exchange Commission approved the creation of bitcoin trade-traded resources.

Some of the greatest names in asset management, including BlackRock, Franklin Templeton and WisdomTree, have released their very own place bitcoin ETFs final 7 days. For the $30 trillion suggested prosperity management business, the floodgates could be about to open. Analysts at Common Chartered foresee fund inflows in the vary of $50 billion to $100 billion in 2024.

When requested what he designed of Larry Fink altering his see on bitcoin as BlackRock jumped into the spot ETF business enterprise, Dimon stated, “I don’t treatment. So just make sure you quit talking about this s***.”

“I do not know what he would say about blockchain vs . currencies that do anything as opposed to bitcoin that does almost nothing,” Dimon included. “But you know this is what will make a market. Individuals have viewpoints, and this is the past time I’m at any time heading to condition my feeling.”

Watch CNBC's full interview with JPMorgan Chase CEO Jamie Dimon



Resource

Tesla plans ‘friends and family’ car service in California, regulator says
Technology

Tesla plans ‘friends and family’ car service in California, regulator says

A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. Tim Goessman | Bloomberg | Getty Images In an earnings call this week, Tesla CEO Elon Musk teased an expansion of his company’s fledgling robotaxi service to the San Francisco Bay Area and other […]

Read More
Meta names OpenAI’s Shengjia Zhao as chief scientist of AI Superintelligence Lab
Technology

Meta names OpenAI’s Shengjia Zhao as chief scientist of AI Superintelligence Lab

Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta CEO Mark Zuckerberg on Friday said Shengjia Zhao, the co-creator of OpenAI’s ChatGPT, will serve as the chief scientist of Meta Superintelligence Labs. Zuckerberg […]

Read More
Inside Tesla’s new retro-futuristic Supercharger diner
Technology

Inside Tesla’s new retro-futuristic Supercharger diner

Tesla has opened the doors to its first diner Supercharger station in Los Angeles. CEO Elon Musk first teased the concept of building a drive-in themed charging station in 2018. On Monday, that vision was finally realized. Tesla describes the two-story restaurant, constructed of a steel exterior inspired by the Cybertruck, as retro-futuristic. It features […]

Read More