Jamie Dimon compares buying Bitcoin to smoking a cigarette, stating he will defend everyone’s right to buy Bitcoin, even though he will never personally buy it.
Jamie Dimon: A Change of Heart on Bitcoin?
Jamie Dimon illustrated his stance by comparing buying Bitcoin to the decision to smoke a cigarette, emphasizing that he will defend everyone’s right to make such choices, even if he does not share those preferences.
I will defend your right to smoke a cigarette, just as I will defend your right to buy Bitcoin.
Jamie Dimon, CEO of JPMorgan
This statement during a business summit video appearance for the Australian Financial Review represents the CEO’s most positive statement about cryptocurrency. However, he made it clear that he will never personally buy Bitcoin, seeing it as a risk for investors.
Fraud and Terrorism: The Argument of Illegal Use of Bitcoin
Jamie Dimon reiterated his criticisms regarding the use of cryptocurrency for illegal activities, such as fraud and terrorism. These comments reflect his consistent distrust towards Bitcoin over the years. Despite an apparent openness to individual freedom to invest in cryptocurrency, his view remains deeply skeptical of its value and legitimate utility.
On a broader topic concerning the American economy, Jamie Dimon advised the Federal Reserve to wait until June before lowering interest rates, to ensure the effectiveness of its fight against inflation.
