In a recent interview on Fox Business, Jamie Dimon, the CEO of JP Morgan, once again voiced his disdain for cryptocurrencies, particularly Bitcoin, despite the approval of spot ETFs. Dimon’s remarks come at a time when JP Morgan is actively participating in the Bitcoin exchange-traded fund launched by BlackRock.
The US Securities and Exchange Commission (SEC) recently gave the green light for the launch of spot Bitcoin ETFs, including those offered by BlackRock and other companies. These funds will enable trading of the popular cryptocurrency, starting today.
“I have no interest in what others do with bitcoins. However, it is a fact that BTC is used for illicit activities such as human and drug trafficking, tax evasion, and terrorist financing. Furthermore, Bitcoin speculation holds no intrinsic value; it is not a tangible commodity,” Dimon emphasized.
Dimon’s stance on Bitcoin remained firm as he also previously expressed his support for authorities to ban Bitcoin and “shut it down” if he were in charge of the US government.