JPMorgan CEO Jamie Dimon has reiterated his negative stance on Bitcoin, stressing that he does not really care about the cryptocurrency.
Dimon spoke on the subject in an interview with CNBC's Squawk Box on Jan. 23.
When asked if he was pleased with Bitcoin's collapse in 2018, Dimon stated that he was not, noting that multiple media outlets have over-reported his sceptical comments.
The CEO argued that he had not intended to become the spokesperson against the biggest cryptocurrency.
During the interview, when asked if Bitcoin is better than marijuana stocks, Dimon noted "That it is, but we're not banking pot either." In February 2018, JPMorgan had banned the purchase of cryptocurrency with their credit cards.
In the recent interview, the JPMorgan CEO also repeated his support for the idea of the underlying technology behind Bitcoin: blockchain.
While expressing his pro-blockchain position, Dimon noted that considers it to be a real technology and called it an up-to-date database that everyone can access and trust.
Dimon had previously been reported as bullish on distributed ledger technology, which he claimed JPMorgan would use for various cases in 2018.
The CEO still noted that blockchain industry disruptors have been talking about their products for many years, but that no one appears to have done something effectively yet.
After announcing a blockchain-enabled system for global payments in 2017, JPMorgan Chase filed a patent for a peer-to-peer payment network based on blockchain in May 2018.
Despite Previous Criticism, JPMorgan CEO Jamie Dimon Doesn't Celebrate Bitcoin's Decline
Publié le Jan 24, 2019
by Cointele | Publié le Coinage
Coinage
Mentionné dans cet article
Nouvelles récentes
Voir tout
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.