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November 27, 2022
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JPMorgan customers ask for Bitcoin

JPMorgan customers ask for bitcoin, CEO of the bank Jamie Dimon even though showing no interest, offers them.

He did this during an interview with Wall Street Journal , confirming once again that it is a cryptocetic. These words reveal that although JPMorgan has opened up to cryptocurrencies, the CEO has not changed his mind.

In 2017, at the height of the speculative bubble, Jamie Dimon called Bitcoin a scam and threatened to fire bank workers caught trading in cryptocurrencies. A few months later, he regretted calling it that, but said he was not interested.

Instead, he declared to the Wall Street Journal:

“I am not a supporter of bitcoin. I don’t care about bitcoin. I have no interest in that. On the other hand, customers are interested and I don’t tell customers what to do ”.

Jamie Dimon: not for Bitcoin, yes for blockchain

In recent days, news has circulated that the bank was launching a fund to allow customers to invest in Bitcoin. Considering the CEO positions, this was a real turning point for the bank. Now Jamie Dimon seems to confirm this theory.

In fact, thanks to the rising price of Bitcoin, institutional investors are also becoming interested in cryptocurrencies and looking for trading instruments that suit their interests and ensure security.

JPMorgan is one of those institutions that is trying to meet this need.

However, Jamie Dimon continues to maintain his doubts about the nature of Bitcoin:

“Blockchain is real. We use it, ”according to Dimon. “But you have to remember that a currency is supported by a country’s tax authority, the rule of law, a central bank.”

The fact that JPMorgan likes blockchain is demonstrated by the fact that the bank has long been studying its own cryptocurrency, JPM Coin, which is based on blockchain. In fact, after announcements and tests in 2019, the project seems to have stopped. JPM is assumed to be a stable currency pegged to the United States dollar, to be used in particular for international payments. But it has not been heard of for a long time.

Source: Cryptonomist

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