JP Morgan CEO labels Bitcoin “worthless”; Clients strongly disagree

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A vast number of individuals across the globe have welcomed Bitcoin [BTC] with open arms, however, JP Morgan’s CEO Jamie Dimon remained untethered while the hype around crypto persists. Dimon was even seen outrightly dissing the king coin.

Despite being the first and the largest cryptocurrency, Bitcoin [BTC] took long and hard to reach its current stature. With criticisms from all across the globe, survival became rather difficult for the asset. However, the latest fervor around the coin got it out of its nascent stage in no time. While Bitcoin continues to thrive, major platforms were seen onboarding the coin. But, one platform continues to remain hostile towards BTC.

JP Morgan’s CEO Jamie Dimon appeared in a recent interview with Bloomberg and reveal that his resentment towards Bitcoin was persisting.

JP Morgan CEO still hostile towards BTC

Over the last couple of years, the JP Morgan CEO had continuously expressed his discontent with regard to Bitcoin. Dimon has called BTC an array of things, including, “terrible store of value,” “a fraud”, ” will be stopped,” and many more. Now, in his latest interview, Dimon went on to label the asset,” worthless.”

While all the altcoins were seen plummeting, BTC was the only asset that was thriving. The asset was undoubtedly aiming for $60K. At press time, BTC was trading for $57,310.

Despite the well-lauded growth of the king coin, Dimon went on to call it worthless. “I personally think that Bitcoin is worthless,” he added. He also suggested that he didn’t care and that it made no difference to him.

However, JP Morgan’s clients certainly think the same about the coin. Addressing the same, Dimon said,

“Our clients are adults, they disagree, that’s what makes markets, so if they want to have access to buy yourself Bitcoin, we can’t custody it but we can give them legitimate, as-clean-as-possible access.”

This made it clear that Dimon had no interest in BTC. While he does not refrain his clients from using it, Dimon could miss out on what the crypto market has to offer.

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