JPMorgan Chase (JPM) CEO Jamie Dimon is nothing but consistent when it comes to his views on Bitcoin (BTC).
“Bitcoin itself has no intrinsic value,” he said in an interview with CBS News on Sunday. “It is widely used by sex traffickers, money launderers and ransomware. So I just don’t feel very good about Bitcoin.”
Like BlackRock CEO Larry Fink, Dimon has long been opposed to bitcoin. Unlike Fink, who underwent a 180-degree change in his views a couple of years ago, Dimon has continued to maintain the same negative outlook even as the bank he runs has benefited from the growing use of bitcoin as a financial product, even serving as an authorized participant. for the BlackRock spot bitcoin ETF.
JPMorgan also recently renamed its blockchain platform, formerly Onyx, to Kinexys as it aims to double down on real-world tokenization. The goal, according to JPM Payments Co-Head Umar Farooq, is to reduce the limitations of current financial infrastructure, such as the tokenization of real-world assets (RWA). The banking giant said in November that it plans to introduce on-chain currency exchange capabilities to its platform as early as the first quarter of 2025.
Dimon’s most recent comments came just days before Donald Trump resumed the US presidency. Trump and his team have promised and currently seem determined to offer a much friendlier regulatory environment for bitcoin and cryptocurrencies in general.
