Jamie Dimon, the CEO of JPMorgan Chase, has once again sparked a backlash from the crypto community over his statements on Bitcoin.
Speaking at an Institute of International Finance event on Monday, Dimon called Bitcoin “worthless,” stressing, however, that JPM clients “disagree.”
He added: “I’ll just challenge the group to one other thing: how do you know it ends at 21 million? …You all read the algorithms? You guys all believe that? I don’t know, I’ve always been a skeptic of stuff like that.”
At the end of the day, what gives. Consider this timeline of Mr. Dimon’s comments, then go ahead and pull up a chart since the bickering started.
2014: “terrible store of value”
2015: “will not survive” “will be stopped”
2016: “going nowhere”
2017: “a fraud”
2018: “don’t really give a sh*t”
2019: [JPMCoin launch]
2020: “not my cup of tea”
2021: “I have no interest in it” “fool’s gold” “worthless”
We too are a skeptic of things we have made no effort to understand and which will likely obsolete us!
Related: JPMorgan: Institutions Are Rotating Out Of Gold Into Bitcoin As A Better Inflation Hedge