Bitcoin Critic JPMorgan CEO Changes His Mind – Reveals New Views on Cryptocurrency

Jamie Dimon, CEO of JPMorgan Chase, one of the world's largest banks, has backtracked on his years-long anti-Bitcoin and cryptocurrency ￰0￱ manager of the $4.6 trillion bank said in a live broadcast, “I was wrong, crypto is real.” Dimon has previously described Bitcoin as a “gemstone” and argued that cryptocurrencies are tools for scammers and money launderers. However, in his latest statement, he stated that he has changed his view: “I was once a crypto ￰1￱ blockchain, stablecoins, smart contracts—these are all ￰2￱ has its own digital coin, and these technologies will be used by all of us to enable better transactions and customer experiences.” Related News: Watch Out: A Cryptocurrency Platform Has Been Hacked, Millions of Dollars Stolen Dimon also argued that digital assets will become a permanent fixture in the financial world, stating that all major banks will use stablecoins in the ￰3￱ already uses its blockchain-based digital payment system, dubbed “JPM Coin,” for corporate ￰4￱ brokers a large number of cryptocurrency transactions for major corporations, and this has long been known, including during Dimon's anti-crypto era. *This is not investment ￰5￱ Reading: Bitcoin Critic JPMorgan CEO Changes His Mind – Reveals New Views on Cryptocurrency