JPMorgan's CEO, Jamie Dimon, has made controversial remarks about Bitcoin, calling it a 'pet rock' and questioning its value. Dimon's mispronunciation of 'Satoshi' and his dismissive attitude toward Bitcoin have drawn criticism from the crypto community. Despite stating that he's done talking about crypto, Dimon's comments continue to provoke reactions and skepticism within the industry. Some have accused him of being misinformed and lacking understanding of Bitcoin's potential and use cases.
Today, JPM’s Jamie Dimon called blockchain technology small, and added that bitcoin, a derivative of blockchain technology, is the equivalent of a “pet rock”. Data flies in the face of Jamie’s description, as @yassineARK, our Director of Digital Assets, highlights here! https://t.co/TsSDyTTyuk
What would Jamie Dimon do if he wanted to buy a lot of #bitcoin? He would go on CNBC and trash it. He would say it's going to zero. The price would dip, and he would buy. That's not illegal. https://t.co/JUTFYpOcNd
Bitcoin rhymes with "s***"coin. Just ask Jamie Dimon. Wait, don't. https://t.co/VUeOMmap70
Jamie Dimon once again cries that bitcoin is for criminals. Since 2017, the dollar has laundered 660,000x more money than BTC. Cash is still king for crime. He continues his hot streak of willful ignorance of the asset that will swallow his industry. https://t.co/E9FbIIdxI1
NEW: "If Dimon had any sense, he would transition JPM to be a #Bitcoin bank and stop talking nonsense about the only thing keeping CBDCs in check. The fiat system seeks to destroy the banks! Just think for a second, with CBDCs do you still need a bank?" says JAN3 CEO Samson Mow https://t.co/9AJ8Ye3ARi
Bitcoin Questions Wear Dimon Out: Stop Talking About This S***! “This is the last time I’m talking about this with CNBC, so help me God […] Blockchain is real. Bitcoin on the other hand is the pet rock […] I think we waste too many words on that." https://t.co/beVVpKvpUn
Jamie Dimon has literally been saying Bitcoin is worthless since 2015. He's been wrong every year — not just this year. https://t.co/2IOJTHZObB
Jamie Dimon is full of shit. I wrote about it. https://t.co/0Z5uzFNFzF https://t.co/UxIYMIbSOz
JPMorgan's Jamie Dimon says he's done talking crypto, but calls blockchain 'real' https://t.co/trUa3R8zAy
Dimon: pet rock is useless trash Also Dimon: smart contracts and tokenization is good I agree with him 100%. Always said Bitcoin is a useless digital rock. https://t.co/eRZ4wTdTgK
Jamie Dimon, #bitcoin use cases are: - Money laundering - Fraud - Tax avoidance - Sex trafficking JP Morgan, hold my beer... https://t.co/Sclq2Ionuu
Jamie Dimon, #bitcoin use cases are: - Money laundering - Fraud - Tax avoidance - Money laundering JP Morgan, hold my beer... https://t.co/h6jZkrHk2U
Jamie Dimon is lying to you. No need to get emotional about it.
JPMorgan CEO Warns Crypto Holders - Bitcoin to ZERO! -- Why Jamie Dimon is WRONG About #Bitcoin -- Billionaire Howard Lutnick Backs $BTC & #Tether -- #KillerWhales TV Show to premier next month -- & MORE! WATCH: https://t.co/fzvP1Uht85 https://t.co/QfBcTJgXMa
Custodia Bank Founder @CaitlinLong_ reacts to Jamie Dimon calling Bitcoin "shit" at the WEF in Davos: “Watch what they do, not what they say ... He called it a pet rock a year ago, and now he's graduated to an expletive. That tells you he's getting flustered" https://t.co/7qQ0BUMkpd
Jamie Dimon is correct that #Bitcoin has no value. @JoeSquawk is wrong that Bitcoin has all the characteristics that made #gold valuable for thousands of years. Both are wrong about gold. Bitcoin has none of gold's unique properties that make it such a valuable and useful metal.
DIMON $JPM: THIS IS `LAST TIME I'M EVER GOING TO TALK ABOUT' #BITCOIN Will likely not last through February
At this year’s #WorldEconomicForum, @jpmorgan had some interesting thoughts on Bitcoin and its limited supply; what do you think? 🤔 Source: @SquawkCNBC https://t.co/V4NuOQnUgx
Dimon: “The last time I’ll ever talk about Bitcoin.” I doubt it, $100 says he talks about it again. Also he thinks the cap is “20 million” Bitcoin and pronounces Satoshi as “Satashi.” As if it wasn’t already clear, this makes even clearer he has no clue what he’s talking about https://t.co/GJUM99yLDX
This Jamie Dimon take on Bitcoin is bullish for weed and Psychadelics... He's not funny and CNBCq is a turd as always .. How many 100's's of billions has Dimon overseen in fraud and legal settlements... https://t.co/Fm9S3WkZjX
I'm no sticklier on pronunciation, but the fact that Jamie Dimon doesn't know how to pronounce Satoshi (and Yellen didn't know how to pronounce Binance) is telling. It shows they've never even tried to learn about the industry. As did Dimon's remark about Satoshi printing…
JPMorgan's Jamie Dimon says he's done talking crypto, but calls blockchain 'real': CNBC Crypto World https://t.co/cnOHcWaVQL
.@jpmorgan's CEO is so wildly misinformed about how Bitcoin works. someone please help this man.😬 https://t.co/07QC7zEVg9