JP Morgan CEO Jamie Dimon in his latest interview on CNBC Bitcoin He said that he advised not to get involved in the investment. Dimon responded to the question posed by the host that it was his “personal advice.” Moreover, JP Morgan has an important role as an authorized participant (AP) for BackRock’s Spot BTC ETF.
In addition to sharing his perspective, Dimon said this would be the last time he would publicly discuss the digital asset. The JP Morgan executive is often vocal about his feelings towards the asset. However, he distinguished between the value of tokenization in Bitcoin and what he called “pet rock.”
As Koinfinans.com reported, the US Securities and Exchange Commission (SEC) abandoned the harsh stance it had been holding on to for a decade and officially approved 11 Spot Bitcoin ETFs. Despite the spot ETF approval, some leading companies and names still think caution is warranted.
There are cryptocurrencies that do something, that can have value. There is also someone who does nothing, I call him pet rock. Bitcoin or something like that.” Dimon later said: “Blockchain is real. It’s a technology. We use it…efficiently.
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