Jamie Dimon, CEO of JPMorgan, expressed strong opposition to cryptocurrencies, stating that he would shut down crypto if given the chance. This comes after remarks linking crypto to funding North Korea's nuclear missile launches. Dimon's previous criticism of Bitcoin has had less impact on its price, signaling a shift in market dynamics. His stance has sparked debates and rivalries within Wall Street, with figures like Michael Novogratz and Larry Fink countering his views. Despite Dimon's negative stance, Bitcoin has outperformed JPMorgan's stock, and prominent investors like Stan Druckenmiller have endorsed it as a store of value. Former SEC Chair Jay Clayton dismissed the possibility of banning Bitcoin, indicating a shift in regulatory attitudes.
Crypto Soars as Jamie Dimon Says βClose It Down" l Friday Five https://t.co/Pw26MWWyt6
Former SEC Chair Jay Clayton on Jamie Dimon's desire to ban Bitcoin: "That's no longer an option on the table." https://t.co/sv641gVKJi https://t.co/vBLMAKYZzU
NOVOGRATZ: Jamie Dimon keeps doubling down about #Bitcoin and being wrong. His wealthiest customers like Stan Druckenmiller say #Bitcoin is a store of value. When Larry Fink came on and said #Bitcoin would be in every portfolio it was game over π https://t.co/QkCXxHsany
A way to bet against or hedge crypto if Jamie Dimon gets his way https://t.co/lQlcvjBMfl
Remember when Jamie Dimon bashing bitcoin actually drove the price lower not higher
Michael Novogratz says Jamie Dimon is wrong on bitcoin as it outperforms JPMorgan's stock https://t.co/tGL3QPSSWj
LIVE: @JPMorgan's Jamie Dimon says he's "deeply opposed" to crypto, a look at if $BTC could reach $125,000 next year and more. Plus, @jessepollak and @realMatrixport's @DeFiOnTarget join "First Mover" on CoinDesk TV: https://t.co/G1NcM3yz8W
Jamie Dimon v Larry Fink rivalry heating up over crypto. They are Wall Streets two heavyweight contenders. They have a fraught relationship getting more tense after Jamie attacked crypto as a store of value for criminals and Larry is counting on an @SECGov approval of his BTC ETF
π₯ Things Iβm looking at today π₯ Dimon says heβd close down crypto, JTO & BONK in focus, Google launches Gemini Crypto * BTC: 43.4k (0%), ETH: 2255 (0%), SOL: 64 (-2%) * Crypto mixed amid volatility, alts outperform * Jamie Dimon: Iβd close down crypto * Question asked of JPβ¦ https://t.co/vuCby7r1Op https://t.co/sFI8RP9DOU
Jamie Dimon Wants to Kill Off Bitcoin, Buffett Hates It. Why Itβs Invincible. https://t.co/xn8T66DB5e
Dimon blasts bitcoin https://t.co/H18CeFo42g
Jamie Dimon talking about crypto is just more free marketing for crypto Bullish
If I were Bitcoin, Iβd shut down Jamie Dimon.
"I would shut down blockchains if I had the power β that is why I actually have my own blockchain" - JP Morgan https://t.co/LkmWAVWhMd
NEW: JPMorgan CEO Jamie Dimon said the only true use case for #Bitcoin 'is for criminals'. Meanwhile, JPMorgan has paid $39 billion in fines for violations. https://t.co/8Hrt5E8MfT
JPMorgan Chase CEO Jamie Dimon in 2014 with the bitcoin price at $816.20: "[Bitcoin] is a terrible store of value." JPMorgan Chase CEO Jamie Dimon in 2023 with the bitcoin price at $44,000: "If I was the government, I'd close [bitcoin] down." https://t.co/rT9HP7oiFw https://t.co/eP5s4B6fSS
If I was the government, I'd shut JPMorgan Chase down. https://t.co/qlPzcHjQpI
Remember when JPMorgan CEO, Jamie Dimon could move the Bitcoin price by saying something negative about it? Times have changed, huh
$JPM Jamie Dimon "If I was in charge of this, I would shut crypto down" after Pocahontas in Congress made the point that 50% of N Korea nuclear missile launches were funded through crypto
"I've always been deeply opposed to crypto." -Jamie Dimon, the Prince of Understatement