Posts Tagged ‘jamie dimon’
Jamie Dimon: Spokesperson Against Bitcoin
on Thursday, November 8, 2018Jamie Dimon Money Quote saying he’s been outspoken in his criticism of Bitcoin and cryptocurrency, but doesn’t want to be quoted and feigns disinterest. Jamie Dimon said:
“I didn’t want to be the spokesman against bitcoin. I don’t really give a sh*t – that’s the point, OK?” — Jamie Dimon
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Jamie Dimon: Move Trillions Digitally
on Friday, October 13, 2017Jamie Dimon Money Quote saying He understands that banks deal in a digital form of currency every day. Jamie Dimon said:
“I was reminded that we move trillions of dollars a day … digitally. It’s not cash” — Jamie Dimon
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Jamie Dimon: Currency of Thin Air
on Thursday, September 28, 2017Jamie Dimon Money Quote saying as JP Morgan Chase CEO rips Bitcoin as a currency that is entirely a fiction that will end abruptly for those investing in it. Jamie Dimon said:
“The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart” — Jamie Dimon
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Jamie Dimon: Crypto Thing Novelty
on Tuesday, September 26, 2017Jamie Dimon Money Quote saying about Bitcoin and other cryptocurrencies that they are risky and valueless. Jamie Dimon said:
“These crypto things are kind of a novelty” — Jamie Dimon
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In this quote, Jamie Dimon, who is the CEO of JPMorgan Chase, is dismissing cryptocurrencies like Bitcoin as a “novelty” or a passing trend. By describing crypto as “kind of a novelty”, Dimon is suggesting that he does not see cryptocurrencies as a serious or lasting development in finance. He seems to view them as more of a temporary curiosity or fad rather than a genuine innovation or asset class.
Dimon’s tone implies skepticism toward cryptocurrencies gaining widespread mainstream use and legitimacy. The quote reflects Dimon’s perspective as the head of a major traditional bank that sees cryptocurrencies as competition, and so he may be downplaying their potential significance and longevity in the financial system.