While Bitcoin‘s price fluctuation continues, the recent buzz has been around the statements made by the CEO of JPMorgan. Jamie Dimon, known for his harsh stance against Bitcoin, was speaking in Davos at the time this article was prepared. So, how did he change his mind about crypto?
JPMorgan and Cryptocurrencies
Jamie Dimon, the head of the world’s largest bank, has been making negative comments about crypto for a long time. He even said last year that he would get rid of them if he could. On September 17, 2017, he had stated:
“I would fire any JPM trader who is trading Bitcoin in a second for being stupid.”
Today, however, he seems to have changed his decision, at least considering the active role the bank has taken in spot Bitcoin ETFs, he had already done this in practice. While the article was being prepared, he said in Davos:
“My personal advice would be to stay away from Bitcoin. This is the last time I’ll talk about Bitcoin. I defend your right to buy Bitcoin. What if Satoshi comes back and deletes all Bitcoins?”
For now, it’s positive that he seems to have moved away from the idea of JPM employees being stupid. Maybe in another 5 years, we might even see him among the most ardent Bitcoin maximalists, as we have seen with Saylor and many other leading figures.
