Jamie Dimon: Bitcoin will be regulated, whether you like it or not

Jamie Dimon Bitcoin will be regulated, whether you like it or not

A well-known figure in the world of American finance, Jamie Dimon, has once again taken a negative stance on Bitcoin, or rather, on the entire cryptocurrency industry. As in everything, people take different positions on cryptocurrencies: some see them as the currency of the future, while others are extreme skeptics. Who is Jamie Dimon and why do people count on his opinion? Find out in our article.

Jamie Dimon – cryptocurrencies skeptic

It is not without reason that Jamie Dimon’s opinion counts with almost the whole world, and certainly the whole financial industry counts with him. Dimon is the CEO of one of the four largest American banks, JPMorgan Chase. He has been in this position for 16 years, since 2005, and before that he was on the board of the Federal Reserve Bank of New York. Thus, it can be concluded that in the field of finance, Dimon is definitely already an expert. So what is his opinion on cryptocurrencies?

Regulation will affect Bitcoin

In a recent interview with the HBO television station, Jamie Dimons expressed his negative opinion on Bitcoin. Here’s what he said: “I’ve always believed that [Bitcoin] would be illegal in a place like China, and China has confirmed that, so I think it’s a bit of fool’s gold.” 

Dimons, of course, is referring to the recent events that have rocked the cryptocurrency world. This is because until now, China, which has been one of the biggest BTC token miners has banned this activity, and has also consistently banned the use of cryptocurrencies for transactions.

The director of JPMorgan Chase also stated that bitcoin will definitely be regulated in the future because, as he stated – it is mainly used for illegal activities such as human trafficking, tax evasion, and ransom attacks. 

Despite such harsh words, the multi-billion dollar investment bank JPMorgan recently allowed its clients to invest precisely in cryptocurrencies. Could it be that Jamie Dimons is contradicting his own words? Only he himself knows.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

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