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Bitcoin Is Worthless, Says JPMorgan CEO Jamie Dimon Amid Crypto Bull Run

Jamie Dimon, JPMorgan Chase & Co. CEO, says, “I personally think that bitcoin is worthless,” reiterating a past remark.

It isn’t the first time he has mentioned something against this coin. Dimon has always said something about this coin’s demise for the past several years, but none of it has been predicted to be true. However, he still offers its clients exposure to Bitcoin. Here is what he said during the annual Institue of International Finance event:

“Our clients are adults. They disagree. That’s what makes markets,” Dimon said. “So, if they want to have access to buy yourself bitcoin, we can’t custody it, but we could give them legitimate, as clean as possible, access.” 

The banking giant started giving its wealth-management clients access to crypto funds in July.

On Monday, BTC surpassed $57,500 and was close to hitting an ATH price of $60,000. However, it did come down in the past two days and is currently trading at $56,069.

Twitter’s crypto community has highlighted Dimon’s remarks against BTC’s latest bullish levels.

One user wrote:

“It’s not a Bitcoin bull market without Jamie Dimon saying it’s worthless.”

Another user tweeted:

2014: “terrible store of value.”

2015: “will not survive” “will be stopped”

2016: “going nowhere”

2017: “a fraud”

2018: “don’t really give a shit”

2019: [JPMCoin launch]

2020: “not my cup of tea”

2021: “I have no interest in it” “fool’s gold” “worthless”

BTC:

Despite Dimon’s comments, the industry experts have predicted that BTC will soon hit its ATH price as it did back in April.




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