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JPMorgan CEO advised staying away from cryptocurrencies

JPMorgan CEO advised staying away from cryptocurrencies

Jamie Dimon stressed that he is referring to cryptocurrencies, not blockchain technology and Stablecoins





Jamie Dimon noted that his personal opinion will not affect the bank’s work with digital currencies.

Jamie Dimon, CEO of one of the largest investment banks in the United States, JPMorgan, speaking at the Financial Services Committee of the US House of Representatives, urged to stay away from cryptocurrencies.

This is reported by Yahoo Finance.

Dimon noted that this is his personal opinion and it will not affect JPMorgan’s work with digital assets.

“My personal advice to people: stay away from cryptocurrencies. This does not mean that our customers do not want it. This is similar to how you need to run a business. I don’t smoke marijuana, but if you make it legal at the national level, I’m not going to stop people from doing it,” the head of the bank explained his position.

He stressed that he is referring to cryptocurrencies, not blockchain technology and stable coins.

In late April, JPMorgan announced the creation of an actively managed bitcoin fund for a limited group of clients. The new product may be presented in the summer of this year.

Earlier, we reported that the May drop in bitcoin began after Elon Musk said that stops accepting payments in bitcoin due to concerns about the environmental friendliness of cryptocurrency mining.


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