JPMorgan CEO Jamie Dimon has stopped publicly criticizing Bitcoin.
JPMorgan Chase & Co CEO Jamie Dimon declined to comment on the record drop in the crypto market and the market value of Bitcoin.
The chairman of JPMorgan Chase, speaking at the Fortune Most Powerful Women Summit in Washington, D.C., announced that he would no longer publicly criticize Bitcoin.
Dimon said he had been a staunch crypto skeptic for years, but was growing tired of the attacks from haters and negative headlines in the press.
“If I continue to criticize Bitcoin, accusations of hypocrisy, market manipulation, and a lack of understanding of the technology will be all I'll read in the headlines. And then I'll start getting death threats and all that,” the banker complained to Fortune editor-in-chief Alyson Shontell.
The head of one of the world's most influential banks affirmed his optimism regarding the development of blockchain and believes this technology has the potential to replace some inefficient and outdated systems. Dimon cited stablecoins and JPMorgan's own deposit token as having the potential to find widespread application in the real-world economy.
Jamie Dimon previously stated that the idea that Bitcoin is scarce, built into the algorithm of the first cryptocurrency, may be a misconception.
Source: cryptonews.net
