BTC is worthless, says the head of one of the largest banks in the world

Jamie Dimon, chairman of the board and CEO of one of the world’s largest banks, JP Morgan Chase, again kicked back at BTC, in the existence of which he still sees no point.

Jamie Dimon is a well-known critic of BTC. He also described it as a Ponzi scheme or fraud in 2017, when a similar view was shared by virtually the entire banking sector. In the meantime, however, the views of large banks and institutional investors on BTC have changed significantly. Even his bank became much more accommodating to BTC. But he himself remains a great BTC skeptic, as confirmed in an interview with CNBC Pro during the Institute of International Finance on Monday.

“Personally, I think BTC is worthless. But I don’t want to be a speaker – I don’t care. It doesn’t matter to my opinion. Our clients are adults. They disagree. That’s what markets do. So if they want to have access to buy Bitcoin, we can’t hold them, but we can offer them a legitimate way to get there. “

With this statement, Dimon made it clear that he did not see BTC as an asset that had a bright future ahead of it. However, JP Morgan Chase is mediating it to its customers for investments through partners and does not plan to stop doing so.

Although Dimon claims that he does not want to be a “spokesman”, he comments on BTC quite often. For example, he recently said that its price could easily continue to rise significantly because it is influenced by market sentiment. He also likened BTC to cigarettes, which are demonstrably very unhealthy, but people simply continue to crave them.