JPMorgan Chase CEO James Dimon told CNBC at the Davos forum that Bitcoin “does nothing.”
“There are cryptocurrencies that do something, that might have value. And then there's one that does nothing, I call it pet rock. The #Bitcoinor something like that,” says @JPMorgan CEO Jamie Dimon. “It has some use cases. Everything else is people trading among themselves.” pic.twitter.com/EnUBuIEHkI
— Squawk Box (@SquawkCNBC) January 17, 2024
The JPMorgan CEO added that he would no longer mention this asset on air, and also asked the presenters to “stop talking” about the first cryptocurrency.
In addition, he said that he is ambivalent about how competitors are accepting Bitcoin.
Previously, James Dimon said that he would definitely block the cryptocurrency sector if he had the appropriate powers.
Source: Cryptocurrency
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