5 months ago
JPMorgan Chase (JPM) CEO Jamie Dimon is thing if not accordant erstwhile it comes to his views connected Bitcoin (BTC).
“Bitcoin itself has nary intrinsic value,” helium said successful an interview with CBS News connected Sunday. “It’s utilized heavy by enactment traffickers, by wealth launderers, ransomware. So I conscionable don’t consciousness large astir Bitcoin.”
Similar to BlackRock CEO Larry Fink, Dimon was a longtime hostile of bitcoin. Unlike Fink — who underwent a 180 grade reversal successful his views a mates of years agone — Dimon has continued holding the aforesaid antagonistic outlook adjacent arsenic the slope helium leads has profited disconnected of bitcoin's increasing usage arsenic a fiscal product, including serving arsenic an authorized subordinate for BlackRock's spot bitcoin ETF.
JPMorgan besides precocious rebranded its blockchain platform, formerly Onyx, to Kinexys arsenic it aims to treble down connected existent satellite tokenization. The goal, according to JPM’s co-head of Payments Umar Farooq, is to trim limitations of the existent fiscal infrastructure, similar tokenization of real-world assets (RWA). The banking elephantine said successful November that it plans to present on-chain overseas speech capabilities connected its level arsenic soon arsenic the archetypal 4th of 2025.
Dimon's astir caller comments came conscionable days up of Donald Trump reassuming the U.S. presidency. Trump and squad person promised and astatine this constituent look acceptable connected delivering a acold friendlier regulatory situation for bitcoin and crypto successful general.
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