Jamie Dimon still doesn’t care about Bitcoin

Jamie Dimon

Don’t know, don’t care. JPMorgan CEO Jamie Dimon has reaffirmed his stance on Bitcoin, emphasizing once again that he does not care about the world’s most valuable cryptocurrency.

Yet, at the same time, the outspoken critic of Bitcoin has acknowledged that his bank’s clients are interested in the cryptocurrency. And he is not in the business of telling clients what to do and what not to do when it comes to matters like these.

He shared these thoughts during The Wall Street Journal CEO Council Summit, elaborating:

“I am not a bitcoin supporter. I don’t really care about bitcoin … I have no interest in it.”

Noting that he expects his Bitcoin comments to draw attention, Jamie Dimon said that he knows that he is going to get a lot of emails after this. And well, this is not his first rodeo. Back in September 2017, Dimon had called Bitcoin a fraud.

Anyway, while the JPMorgan CEO may not support Bitcoin, his bank is starting to provide some products related to cryptocurrencies.

JPMorgan launched a crypto investment product in March that tracks public company stocks with Bitcoin exposure. The bank is also rumored to soon provide clients with access to Bitcoin investments, and more is undoubtedly on the cards.

Dimon did admit that his clients are interested in Bitcoin, stating:

“On the other hand, clients are interested and I don’t tell clients what to do … They want to be able to put it on statements, they want to be able to buy and sell it.”

The CEO affirmed that if the bank can help them do those things very, very safely, with all the proper disclosures, then it’s not his job to decide what these clients are going to do with their money.

Meanwhile, Jamie Dimon is all for blockchain, and has confirmed that his bank uses the technology.


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