'I'm not a bitcoin supporter'

Though JPMorgan Chase will reportedly offer a bitcoin fund for rich purchasers, chairman and CEO Jamie Dimon nonetheless is not personally offered on the cryptocurrency.

“I’m not a bitcoin supporter,” Dimon stated throughout The Wall Street Journal CEO Council summit on Tuesday. “I don’t care about bitcoin. I have no interest in it.”

“On the other hand, clients are interested, and I don’t tell clients what to do,” he stated.

“Blockchain is real. We use it,” in line with Dimon. “But people have to remember that a currency is supported by the taxing authority of a country, the rule of law, a central bank.”

It’s not the primary time Dimon has been bearish on bitcoin, the most important cryptocurrency by market worth.

In September 2017, Dimon called bitcoin “a fraud” on the Delivering Alpha convention introduced by CNBC and Institutional Investor. “It’s just not a real thing, eventually it will be closed. It won’t end well.”

But a few months later in January 2018, Dimon he had “regret” about making the remark. “I’m not interested that much in the subject at all,” Dimon instructed Fox Business.

Personal opinions apart, JPMorgan introduced in February 2019 that it will roll out a digital currency called JPM Coin, and in October 2020, the agency created a new unit for blockchain tasks.

Bitcoin is buying and selling at round $53,835.92 as of 12:56 p.m. EST, in line with CoinDesk, with a market worth of over $1 trillion.

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