JPMorgan CEO Jamie Dimon Calls Bitcoin a Scam, Again

JPMorgan CEO Jamie Dimon Calls Bitcoin a Scam, Again

Jamie Dimon, the top exec of the American investment bank JPMorgan Chase, remains one of the bitcoin bears. Last year he publicly called the “Big Daddy” a fraud and then took his words back, saying that blockchain could make sense as it is “real.”

But this year Dimon is standing by his previous, not flattering towards bitcoin, words. He called BTC a “scam” again and emphasized he was not interested in it.

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Real Jamie Dimon’s Back

As Bloomberg has informed, on August 4 Dimon was taking the floor at the Aspen Institute’s 25th Annual Summer Celebration Gala. There he talked about the prospects of the American economy and touched upon cyber assets too.

In particular, the finance grandee prompted authorities in different countries might close down virtual coins if they are impossible to control them. These and other words of Dimon were later reiterated by popular media outlets and such bitcoin critics as Nouriel Roubini.

It’s Not The First Time

Just like bitcoin is volatile, that is how Dimon’s relationship with this coin has been going on. Last year fall he labelled BTC a “fraud.” However, after some time he explained that he regretted saying that. Dimon added he would never ever talk about bitcoin.

In winter, a few months after the word, the finance mogul refused to comment on how he felt that he could influence cyber money market with his “fraud” claims. Nevertheless, he said he was not a pyrrhonist concerning digital coins.

On the contrary to bitcoin, Dimon has always supported the core of this coin – the blockchain, saying that it could be used for different things.

This week bitcoin has significantly fallen below its $7,000 margin after climbing as high as to $8,400 at the end of July – for the first time since the end of May.

Image Source: Flickr

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