Jamie Dimon, CEO of JPMorgan Chase, one of the world’s largest banks, has backtracked on his years-long anti-Bitcoin and cryptocurrency stance.
The manager of the $4.6 trillion bank said in a live broadcast, “I was wrong, crypto is real.”
Dimon has previously described Bitcoin as a “gemstone” and argued that cryptocurrencies are tools for scammers and money launderers. However, in his latest statement, he stated that he has changed his view:
Dimon also argued that digital assets will become a permanent fixture in the financial world, stating that all major banks will use stablecoins in the future. JPMorgan already uses its blockchain-based digital payment system, dubbed “JPM Coin,” for corporate transactions.
JPMorgan brokers a large number of cryptocurrency transactions for major corporations, and this has long been known, including during Dimon’s anti-crypto era.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/bitcoin-critic-jpmorgan-ceo-changes-his-mind-reveals-new-views-on-cryptocurrency/
