Jamie Dimon, CEO of JPMorgan Chase, once again attacked bitcoin -- calling it 'worthless' during a virtual summit.
New York Say what you want about JPMorgan Chase CEO Jamie Dimon, but he's consistent about his disdain for bitcoin.
Dimon once again attacked the top cryptocurrency, calling it"worthless" during a virtual summit Monday."I personally think bitcoin is worthless, but I don't want to be a spokesperson," he said during a virtual appearance at the Institute of International Finance Meeting before adding,"I don't care, it makes no difference to me. I don't think people should smoke cigarettes.
Novogratz on crypto volatility: Investors now value identity 03:44Dimon also continues to support the idea that some digital currencies that run on a blockchain network do have value, especially if they are so-called stablecoins pegged to the dollar or other government-backed currencies. The bank has its own JPM Coin for payments.Still, Dimon's sarcastic remarks about bitcoin come as the price of the cryptocurrency has surged in recent weeks to about $57,000.
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