Dimon has hardly softened his stance on crypto after all these years
on Thursday morning with CNBC that took place during the World Economic Forum in Davos, Switzerland, billionaire Jamie Dimon, chairman and chief executive of banking giant JPMorgan, declared that Bitcoin is"a hyped-up fraud" and not much more than a"pet rock."
Dimon went on to clarify that this was different from blockchain technology, which according to him could have certain"real" uses. Dimon has been an outspoken critic of Bitcoin, having once famously referred to the cryptocurrency as a"fraud." Despite acknowledging the benefits of blockchain technology, he has dismissed the largest cryptocurrency in harsh tones, claiming that it is a tool for crimes such as money laundering.
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