JPMorgan CEO Jamie Dimon starts another wave of Bitcoin bashing, calls Cryptocurrency a “scam”.
The top executive of JPMorgan has return in bashing Bitcoin, now in a more critical comments about Bitcoin, calling the cryptocurrency a “scam” and saying he had “no interest” in it, Bloomberg reported Sunday, August 5.
Dimon was speaking at the Aspen Institute’s 25th Annual Summer Celebration Gala on Saturday, including cryptocurrency as part of general comments he made about the U.S. economic outlook.
His words were soon repeated in both the mainstream press and online by prominent economic sources, notably Nouriel Roubini, who has also become known this year for his critical stance on Bitcoin.
According to Bloomberg, Dimon further “suggested governments may move to shut down the currencies [cryptocurrency], because of an inability to control them.”
The finance mogul’s history with cryptocurrency has been chequered.
Having caused a stir in September 2017 when he originally called Bitcoin a “fraud,” Dimon thereafter appeared to change tact, later saying he “regretted” his choice of words.
“I wouldn’t put this high on the category of important things in the world. But I’m not going to talk about bitcoin anymore,” he told reporters last October.
In January, Dimon kept his promise, telling Cointelegraph in private comments that he “can’t answer” when asked how he felt about moving markets with his earlier Bitcoin “fraud” comments. However, he added that he was “not a skeptic” regarding cryptocurrency.
Since then, mixed signals have emerged from other JPMorgan sources, the company’s co-president Daniel Pinto telling CNBC in May that cryptocurrencies “are real but not in the current form.”