“There are cryptocurrencies out there that can actually accomplish something. And then there’s one that doesn’t really serve any purpose,” remarked Jamie Dimon, referring to Bitcoin.
When reminded about how BlackRock CEO Larry Fink had a change of heart about Bitcoin following his company’s venture into ETFs, Dimon dismissed it, saying, “I’m not bothered by it, so I’d appreciate it if we stopped talking about it.”
“I can’t say for certain what Larry Fink would say about blockchain and cryptocurrencies that have some utility, unlike Bitcoin. Everyone has their opinions, and this will be the final time I share mine,” Dimon asserted.
Last week, the US Securities and Exchange Commission (SEC) approved the launch of spot Bitcoin ETFs by BlackRock and other firms. Subsequently, the first cryptocurrency began trading within these funds.
Jamie Dimon has long been critical of Bitcoin. Even during the bull market rally of 2021, he argued that Bitcoin was “worthless.” Most recently, he emphasized that the first cryptocurrency holds no value, despite the approval of spot ETFs.