Home Bitcoin News The head of JPMorgan said about the lack of value of bitcoin

The head of JPMorgan said about the lack of value of bitcoin

by admin

Crypto News

Reading time: ~2 m


Jamie Dimon criticized the first cryptocurrency, but announced the interest of the bank’s customers in it

The head of JPMorgan said about the lack of value

Bitcoin is worthless, according to Jamie Dimon, chairman of the Board of directors and CEO of JPMorgan Chase investment bank. He spoke at an event of the Institute of International Finance (IIF) on Monday, October 11, CNBC reports.

“I don’t care. For me, it (bitcoin, – ed.) does not matter. Our clients are adults. They disagree. But that’s how markets work. Therefore, if they want to be able to buy bitcoin, we cannot store it, but we can provide legal and transparent access as far as possible,” Dimon said.

In August, the investment bank granted rich clients access to its own bitcoin fund. According to Coindesk sources, the passively managed bitcoin fund was launched by JPMorgan in partnership with NYDIG (New York Digital Investment Group).

Also in July, JPMorgan was the first of the largest American investment banks to provide clients with access to cryptocurrency funds. Since July 19, JPMorgan financial advisors have been able to offer their clients investments in four Grayscale funds (Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust and Ethereum Classic Trust), as well as in the Osprey Bitcoin Trust fund.

At the same time, Dimon regularly criticizes cryptocurrencies. For example, in October, he once again stated that bitcoin has no intrinsic value. And in May, he urged to stay away from cryptocurrencies, speaking at a meeting of the Financial Services Committee of the House of Representatives.




#JPMorgan #lack #bitcoin

Related Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.