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JP Morgan Chase CEO Jamie Dimon nonetheless would not like Bitcoin—however he respects your resolution to put money into it.
Wall Road’s high banker has been a long-critic of the cryptocurrency, claiming that the “true use case for it’s criminals, drug traffickers, cash laundering, tax avoidance.” Even as we speak, on the Australian Monetary Evaluate enterprise summit, the boss of America’s greatest financial institution continued to criticize the asset, in accordance with Reuters.
However he added: “I do not know what the Bitcoin itself is for, however I defend your proper to smoke a cigarette, I am going to defend your proper to purchase a Bitcoin.”
He then returned to kind, asking why governments put up with the cryptocurrency.
In January, Dimon mentioned he would by no means speak about Bitcoin once more—not less than on CNBC. He has repeatedly bashed the largest digital coin—and smaller digital tokens—through the years.
Final yr, he mentioned he’d “shut it down” if he have been the federal government. “I’ve at all times been against crypto, Bitcoin, et cetera,” he mentioned.
He additionally known as Bitcoin a “fraud” again in 2017, and criticized his personal daughter as a result of she purchased among the greatest cryptocurrency by market cap.
Regardless of the Bitcoin criticism, Dimon’s financial institution makes use of blockchain know-how with its fee system, JPM Coin.
The billionaire is an enormous fan of synthetic intelligence, and has mentioned the approaching AI growth will imply “your kids are going to stay to 100 and never have most cancers due to know-how.”
On the convention as we speak, Dimon reportedly added that he makes use of AI at dwelling and at work—together with to summarize books he would not have time to learn.
Edited by Ryan Ozawa.
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