- JPMorgan CEO Jamie Dimon sparks controversy by renewing his criticism of Bitcoin.
- He argues that Bitcoin lacks utility, pointing to tax evasion and money laundering associations.
- In response, crypto community members highlight JPMorgan’s own legal troubles in similar domains.
Jamie Dimon, the CEO of JPMorgan Chase, has ignited tension in the crypto community amid his sweeping comment on the use case of Bitcoin. Dimon’s renewed attack on Bitcoin this time was during a recent interview with CNBC amid recent approval for U.S.-listed Bitcoin spot ETF.
Dimon reiterated his skepticism towards Bitcoin and offered his “personal advice” to the public: “Don’t get involved.” In this context, the JPMorgan CEO likened the leading cryptocurrency to a “Pet Rock” with no use case.
Furthermore, Dimon argued that Bitcoin lacks utility beyond its association with activities such as tax evasion, sex trafficking, and money laundering. His comments contrast the evolving landscape, where other prominent figures like BlackRock CEO Larry Fink have embraced Bitcoin and view it as a significant financia…
The post JPMorgan CEO Calls BTC Tool for Crime Despite Bank’s Own Troubled Past appeared first on Coin Edition.