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Jamie Dimon Personally Sees Bitcoin as Worthless and Expects Regulation |  Markets |  10/12/2021

Jamie Dimon Personally Sees Bitcoin as Worthless and Expects Regulation | Markets | 10/12/2021

JP Morgan’s president, Jamie Dimon, considers Bitcoin to be “worthless” personally, but is also convinced that digital assets will eventually be subject to government regulation.

Jamie Dimon, CEO of JPM, believes that there is very little Bitcoin personally, but he wants to provide customers with safe and clean access to it.

© Marilyn Awad/Bloomberg

“No matter what anyone in this room thinks, what any liberals think, or what anyone else thinks: government will regulate it,” Dimon said Monday at the International Banking Lobby Institute’s International Annual General Meeting. Finance (IIF), held almost again this year.

Accurate distinction between your personal opinion and the bank’s opinion
The US Treasury is planning to subject so-called stablecoins to rules similar to those applied to banks, Bloomberg News recently reported. Dimon reiterated the views he previously expressed about Bitcoin, but distinguished his personal view from the New York Bank’s official handling of customer requests for digital assets.

Customer access is offered
According to Bloomberg News, “Personally, I think Bitcoin is worthless.” “Our clients are adults, and they are different – ​​and that is exactly the case in the markets. If they want access to buy Bitcoin, we can’t hold it, but we can give them legitimate access as clean as possible.” (kilobytes)

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