Jamie Dimon, CEO of JPMorgan, a major Bitcoin critic, again made an interesting criticism. Dimon, bitcoin He drew some parallels between smoking and cigarettes.
JPMorgan CEO Jamie Dimon again took the opportunity to criticize Bitcoin at the October 11 Institute of International Finance (IIF) Annual Membership meeting, claiming that the largest cryptocurrency is worthless:
“Personally, I think Bitcoin is worthless.”
Continuing to question the limitedness of the cryptocurrency, the CEO hinted that the fixed limit of 21 million coins of the cryptocurrency could be changed:
“I’ll ask the group one more question: How do you know it’s over at 21 million? Have you all read the algorithms? Do you all believe this? I’m not sure, I’ve always been skeptical of this kind of thing.”
When asked why he allowed his clients exposure to Bitcoin even though he thought so, the billionaire banker compared investing in the largest cryptocurrency to smoking:
“I think you shouldn’t smoke either, but our customers are adults.”
Earlier in August, the largest US bank launched an in-house Bitcoin fund for wealthy clients.
Despite being an extremely vocal Bitcoin critic for years, Dimon recently said; He suggested that the price of the largest cryptocurrency could see a tenfold increase. However, Dimon believes that only idiots will borrow money to invest in crypto:
“If you borrow money to buy bitcoin, you are stupid. That doesn’t mean there won’t be a tenfold price increase over the next five years.”
Earlier today, Bitcoin surpassed the $57,000 level for the first time since May 12.