JPMorgan CEO: Skeptical of Bitcoin but favors Blockchains & Stablecoins

Jamie Dimon, Chief Executive Officer of JPMorgan Chase, is still skeptical of Bitcoin and encourages individuals to avoid the crypto market.

To some extent, Dimon has a disputable history with bitcoin and the rest of the crypto market. In September 2017, about three months before bitcoin touched ATH of nearly $20,000 and crashed shortly after that, Dimon released a bomb on the crypto world. He denominated bitcoin as a “fraud” and further stated, “It’s just not a real thing, eventually it will be closed.”

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