When asked by Republican Congressman Warren Davidson about how his views on Bitcoin have changed during a May 27 House Financial Services Committee hearing, JPMorgan CEO Jamie Dimon said that they, in fact, hadn’t changed much:
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My own personal advice to people is stay away from it. That does not mean the clients don't want it. This goes back to how you have to run a business. I don't smoke marijuana, but if you make it nationally legal, I'm not going to stop our people from banking it. I don't tell people how to spend their money.
Thu, 05/06/2021 - 19:20
JPMorgan CEO Says Crypto Market Could Reach $5 Trillion, Urges Regulators to Pay Attention
My own personal view is it's nothing like a fiat currency, it's nothing like gold. Buyer beware.
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However, he seems to hold a favorable view of fiat-backed stablecoins and blockchain in general.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team
