JPMorgan Chase CEO Jamie Dimon has made several controversial remarks regarding Bitcoin and cryptocurrencies, sparking discussions across the financial and crypto communities. Dimon expressed skepticism about Bitcoin's value and utility, suggesting that its supply isn't limited and even jokingly remarked that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, might return to delete all bitcoins once 20 million are mined. Despite these comments, it's noted that Dimon sees value in smart contract cryptocurrencies like Ethereum and that JPMorgan is using blockchain technology, such as Avalanche, for large-scale tokenization projects. Furthermore, there are accusations that Dimon's stance on cryptocurrencies may be influenced by his vested interest in maintaining the US dollar's dominance, considering JPMorgan's close ties with the Federal Reserve. The situation is made more complex by reports of JPMorgan's involvement in Bitcoin ETFs and Dimon's refusal to disclose revenue from such activities.
Jamie Dimon $jpm doesn't want people to invest in crypto and #bitcoin But he is absolutely okay with making money off ETF trade flow https://t.co/giV1lnkxf9
Fave Jamie quotes about #bitcoin and his take on big firms like BlackRock and Fidelity getting into BTC ETFs: "I don't care, so please stop talking about this sh*t" "The last time I'm stating my opinion" #DavosIsEntertaining https://t.co/Ya5X50dPp3
Jamie Dimon thinks Satoshi will come back one day and print more Bitcoin. "How do you know it will stop at 21 million?" He keeps asking YEAR after YEAR after YEAR. Bro it's 5 LINES OF CODE and not even Satoshi can force us to change it! https://t.co/315ukGolx7
Jamie Dimon thinks Satoshi will come back one day and print more Bitcoin. "How do you know it will stop at 21 million?" He keeps asking YEAR after YEAR after YEAR. Bro it's 5 LINES OF CODE https://t.co/ij5ynQudfa
Jamie Dimon just said that bitcoin is not limited in supply because when we get to 20 million bitcoin “Satashi” will come on the screen, laugh hysterically, and all Bitcoin will be erased 1) What https://t.co/ga8jn9zEbP
OPINION: Jamie Dimon’s bitcoin character arc is turning out to be just plain boring https://t.co/j12gZtiWHf
Q1 Earnings Call "Jamie Dimon, how much revenue are you earning as an authorized participant on Bitcoin ETFs?" "I cannot speak about that" lol ok dude https://t.co/ONFhdOvTPu
The lack of basic understanding about Bitcoin from Jamie Dimon, as the CEO of the largest bank on the planet, is pretty wild. Clearly has not spent any material amount of time looking into it yet speaks so confidently. A bit embarrassing frankly. https://t.co/Q1voqCcJv1
Jamie Dimon calls crypto a scam while using Avalanche to build the largest tokenization project in the world. Vanguard denies Bitcoin ETF to customers after buying a 10% stake in the two largest Bitcoin miners in the US. Don’t watch what they say—watch what they do.
🚨 The below video really surprised me: Jamie Dimon genuinely doesn’t understand Bitcoin or the Blockchain, not even the absolute basics! He literally said that Satoshi may suddenly appear and increase the Bitcoin supply 😂 How can the leader of one of the world’s biggest… https://t.co/lqb03ibORb
jamie dimon: "when we get to 21 million, sartoshi is going to rise up and delete ze bitcoinz" https://t.co/zAMnp0GDME
good to hear Jamie sees value in smart contract cryptocurrencies (like ETH) not surprised to hear he doesn't see value in BTC given his position what you have to understand is that Jamie Dimon relies on USD hegemony and JPM is almost a direct extension of the US Federal Reserve https://t.co/gnXkTI8bds