Jamie Dimon, CEO of JPMorgan, says the price of Bitcoin could go up 10 times over the next few years, but it still won’t buy

In an online interview with the Times of India, Jamie Dimon, CEO of the investment banking giant JPMorgan Chase, he disqualified Bitcoin’s popularity, despite stating that the price of the digital asset could multiply by 10 in five years.

A historically strong critic of Bitcoin (BTC), Dimon called it a scam back in 2017, citing the criminals’ alleged ability to evade arrest by authorities by conducting their financial transactions in BTC. instead of US dollars.

When the Times of India asked the CEO “Whether Bitcoin or other crypto assets should be banned or regulated”, Dimon replied:

“I’m not really interested in Bitcoin. I think people waste too much time and encouragement on this. But it is regulated. […] And that will limit you to a certain extent. But if you delete it I have no idea and personally I don’t care. I am not a bitcoin buyer. That doesn’t mean it can’t multiply its price by 10 in the next five years.

Jamie Dimon, CEO of JPMorgan, says the price of Bitcoin could go up 10 times over the next few years, but it still won’t buy
Jamie Dimon, CEO of JPMorgan, says the price of Bitcoin could go up 10 times over the next few years, but it still won’t buy

Despite this, JPMorgan has shown growing interest in developing and implementing crypto and blockchain initiatives over the past year.

In January, the company acquired 10% of the shares in the business intelligence company MicroStrategy, whose CEO Michael Saylor is one of the most famous investors and owners of Bitcoin in the crypto ecosystem.

In July, The company has created several blockchain developer, engineer and marketer jobs around the world to work in its Onyx division focused on cryptocurrencies responsible for launching the bank’s stablecoin, JPM Coin, in October 2020.

According to a recent report, the JPMorgan subsidiary, Counterpoint Global is exploring the possibility of offering cryptocurrency investments to its multi-million dollar customers. With over $ 150 billion in assets under management, this would be an important seal of approval for the rest of the banking industry.

Dimon received notable criticism for his disparaging views on digital assets, no more than that of the Wall Street veteran.Max Keizer, in an interview with Cointelegraph in late 2020. Keizer shared a biological analogy to express his dissatisfaction with the banking mogul:

“Bitcoin emerged as a spontaneous way of life that emerged from our global and collective consciousness as a defense mechanism against predatory central banks. Jamie Dimon is a parasite, like a tapeworm, and our species had no defense. So with God’s help, together we wanted Bitcoin to exist to combat fiat money, fractional reserve banks, and Keynesian debt money propaganda.

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