JAKARTA - Currently, the price of Bitcoin has soared above IDR 1 billion per coin and the interest of large investors including BlackRock is increasing. But not a few are still skeptical and criticize Satoshi Nakamoto's crypto assets. One of them is JPMorgan Chase CEO Jamie Dimon.
The JPMorgan Chase boss voiced his skepticism about Bitcoin. He called the most popular crypto asset "garbage" and "Ponzi scheme." In a recent interview with CBS News, Dimon confirmed his view that although many people buy or sell Bitcoin, it doesn't make BTC a good idea.
In his statement, Dimon described Bitcoin as worthless and often misused by irresponsible parties. Dimon is not new to criticizing Bitcoin.
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Since he first called it the Ponzi scheme' in 2014, his views on Bitcoin have remained consistent despite several times that he suppressed his hard statements, as in 2018 when he stated that he regretted calling Bitcoin a scam. However, in his view, although he considers Bitcoin to have no long-term value, Dimon does not prohibit people from investing in Bitcoin.
However, Dimon's skepticism about Bitcoin does not mean he rejects blockchain technology as a whole. On the other hand, Dimon sees great potential in the underlying technology of many of these cryptocurrencies.
JPMorgan under its leadership has disbursed large investment funds in blockchain, including the launch of JPM Coin, a crypto token that allows instant payments. Dimon views blockchain as a technology that has great potential, especially in implementing smart contracts.
Although there are many large financial institutions that accept Bitcoin and other cryptocurrencies, Dimon is still adamant in his view that Bitcoin will only spend time and money."
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