👉👉👉 #JPMorgan CEO Jamie Dimon Says He 'Won't Personally Ever' Buy #Bitcoin
Jamie Dimon, the CEO of JPMorgan Chase, has reiterated his staunch opposition to cryptocurrencies, particularly Bitcoin, stating that he personally will never invest in Bitcoin. However, Dimon acknowledged that JPMorgan Chase, under his leadership, serves as an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Despite his personal stance against Bitcoin, Dimon emphasized the freedom of his clients to make their own investment decisions.
During the Australian Financial Review business summit, Dimon restated his skepticism towards Bitcoin, expressing uncertainty about its purpose while affirming individuals' right to make their own choices regarding investments. His comments elicited criticism on social media, with figures like Edward Snowden suggesting that JPMorgan's involvement with Bitcoin contradicts Dimon's personal stance.
Dimon has a long history of criticizing Bitcoin, dismissing its value and likening it to a "pet rock." Despite these criticisms, JPMorgan's involvement in #BlackRock 's Bitcoin ETF demonstrates the bank's recognition of clients' interest in cryptocurrencies. However, Dimon has consistently cautioned against investing in Bitcoin, advising individuals to exercise caution.
Interestingly, JPMorgan's analysts have predicted a potential drop in Bitcoin's price to $42,000 following the upcoming Bitcoin halving event in April. They also believe that the anticipated major upgrade for Ethereum and the halving event for Bitcoin are already factored into the current price levels.
Source - news.bitcoin.com
