Published
5 years ago on
January 24, 2019
The CEO of the investment banking firm JPMorgan Jamie Dimon has reiterated his negative view on the leading cryptocurrency, saying that he doesn’t really care about Bitcoin. In a recent interview with CNBC’s Squawk Box yesterday, Dimon spoke on the subject saying that he wasn’t happy when Bitcoin plummeted in 2018, even though he had predicted the cryptos nosedive at the end of 2017, noting that several media outlets over-reported his sceptical comments. In addition to this, Dimon said that he doesn’t intend to become the spokesperson against the leading cryptocurrency.
As reported by CoinTelegraph, during the interview on Squawk Box, Dimon was asked if Bitcoin is better than the marijuana stocks to which he said, “that it is, but we’re not banking pot either.” The investment banking company had banned the purchase of cryptocurrency with credit cards back in February last year.
In addition to this, the JPMorgan Chase CEO also said that he is a big supporter of the idea of the blockchain - the underlying technology behind Bitcoin. Furthermore, Dimon expressed his pro-blockchain position saying that he considers it to be a real technology and called it an up-to-date database which is accessible by anyone.
Before the interview, Dimon had been reported to be bullish on distributed ledger technology. The CEO also claimed that the technology would be used for various cases in 2018. Even so, the CEO of the banking firm still said that blockchain industry disruptors have been discussing their products for several years now but there doesn’t seem to have been anyone that has been effective just yet.
Following the announcement for a blockchain-enabled system for international payments in 2017, the investment banking giant filed for a patent for a peer-to-peer payment network based on blockchain in May last year. On top of this, a research group released a study which states that blockchain is a key technology for the banking firm’s development roadmap to not just see growth but become a major digital bank too.
In terms of price, Bitcoin isn’t doing all that well on the day with a current price of $3,603 after a 0.19 percent decrease over the past 24 hours.
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