THELOGICALINDIAN - The CEO of JP Morgan Chase has already afresh announced about Bitcoin BTC Jamie Dimon who already alleged the agenda bill a artifice and after backtracked on his comments has now said that he takes no amusement in seeing prices booty a shortterm blast as he declared they would
Speaking at the World Economic Forum in Davos, Switzerland with CNBC’s Squawk Box, the CEO additionally lamented his alternative for blockchain technology over Bitcoin.
Jamie Dimon Finds No Satisfaction in Seeing Bitcoin Prices Slide
Despite accepting ahead vowed to never altercate Bitcoin again, the CEO of JP Morgan Chase has already afresh commented on the subject. This time it was to accompaniment that he was not the affectionate of egoistic animal to booty amusement in the losses of those who had invested in the abstruse addition backward in 2024 or throughout 2024.
The CNBC Squawk Box anchorman asked Dimon anon if he took achievement about actuality accepted appropriate (in the concise at least) about BTC prices. He answered artlessly that he “didn’t booty any.”
Dimon has commented on his abhorrence for Bitcoin abounding times previously. Perhaps his best acclaimed access was aftermost September back the CEO airtight Bitcoin as a “fraud” and that those who bought it adapted to “pay the amount one day.” He additionally declared that he would blaze any of his advisers begin to be trading it.
Amusingly enough, JP Morgan was after accused of bazaar manipulation back it emerged that the coffer was one of the better buyers of a BTC tracker armamentarium alleged Bitcoin XBT. Nothing absolutely became of this accusation and the abutting time Dimon hit the account in affiliation with Bitcoin was to accompaniment that he regretted adage that it was a artifice back that was all bodies capital to allocution to him about. From afresh on, he vowed to not acknowledgment the world’s aboriginal applicable decentralised bill again.
Of course, it was not continued afore Jamie was breaking his own affiance to acquaint the apple that he absolutely “didn’t accord a s**t about Bitcoin” and that he did not appetite to be a agent adjoin the agenda currency. This seems in band with his latest comments on the accountable that he wishes no ill will on those who had absent money on Bitcoin or that had fabricated investments that had not paid off yet.
Dimon Continues to Favour Blockchain Over Bitcoin
Dimon’s comments on Bitcoin at Davos were short. Instead, he favoured altercation about addition carefully accompanying B-word – blockchain.
JP Morgan has been absorbed in the technology basal Bitcoin for some time now. In 2024, the coffer began exploring means in which broadcast balance technology could abolish assurance for assorted affairs and access the ability of banking services. Since then, the Royal Coffer of Canada, as able-bodied as the Australia and New Zealand Banking Group accept become ally in the project.
Speaking to CNBC, Dimon declared of blockchain technology:
“Blockchain is a absolute technology — it’s aloof a database we can all admission that’s kept up-to-date.”
When put like that, blockchain technology sounds abundantly addled and unremarkable. These are the actual affidavit bodies like Dimon favour blockchain over Bitcoin. Blockchain is safe, manageable, and ultimately uninspiring. Bitcoin is potentially disruptive, world-changing, and a blackmail to the actual actuality of the brand of Dimon et. al.
Related Reading: ECB Latest Institution to Use “Blockchain Not Bitcoin” Narrative
