{"id":91767,"date":"2018-11-02T03:00:04","date_gmt":"2018-11-02T03:00:04","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=91767"},"modified":"2020-05-28T05:51:02","modified_gmt":"2020-05-28T04:51:02","slug":"jpmorgan-ceo-jamie-dimon-still-doesnt-give-a-sht-about-bitcoin__trashed","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/jpmorgan-ceo-jamie-dimon-still-doesnt-give-a-sht-about-bitcoin__trashed\/","title":{"rendered":"JPMorgan CEO Jamie Dimon still doesn’t “give a sh*t” about Bitcoin"},"content":{"rendered":"

A year after attempting to abdicate his throne as ruling Bitcoin<\/a> basher, Jamie Dimon has stepped back into the king\u2019s court heralding fresh commentary on the original cryptocurrency and the technology that underpins it.<\/p>\n

Coming on the eve of Bitcoin\u2019s 10th birthday, the JPMorgan Chase & Co.<\/a> chief whip brought an end to his oratory ceasefire at Tuesday\u2019s Axios conference in Los Angeles when a reporter broached the subject of Satoshi\u2019s creation.<\/p>\n

In response, the executive reiterated<\/a> feelings of remorse after for years blasting Bitcoin at will\u2014in 2014<\/a> describing the cryptocurrency as a \u201cterrible store of value\u201d, and then piping up in September 2017 with his now-immemorial description<\/a> of the coin as being a \u201cfraud\u201d only purchased by the \u201cstupid\u201d. This time, he noted:<\/p>\n

“I never changed what I said, I just regret having said it. I didn\u2019t want to be the spokesman against Bitcoin.”<\/p><\/blockquote>\n

Where\u00a0Stern School economist and strident Bitcoin defeatist,\u00a0Nouriel Roubini,<\/a> would evidently be more than qualified for such a thankless role, a fresh outburst from Dimon could land him squarely in a skirmish with his cohort on Wall Street \u2014 many of whom appear to have been quietly stockpiling<\/a> the crypto-asset before the widely prophesied feeding frenzy prepped up by Bitcoin\u2019s fledgling institutional-grade trade infrastructure, such as Bakkt\u2019s ICE-owned futures<\/a> market, or anyone of the prospective ETF<\/a>s awaiting regulatory approval.<\/p>\n

And while Dimon may have eaten several portions of humble pie over the past year, the New Yorker seemed to spit out Tuesday\u2019s mouthful with one of his trademark bombshells, stating he \u201creally\u201d doesn\u2019t \u201cgive a sh*t\u201d about the largest cryptocurrency by market capitalization.<\/p>\n

Softening the blow, Dimon echoed his earlier disclaimer<\/a> that blockchain was a \u201creal technology\u201d. Coming days after his company\u2014the largest investment bank in the world by revenue<\/a>\u2014said it would be tokenizing gold on its young Ethereum-based DLT platform, Quorum, one would certainly hope so.<\/p>\n","protected":false},"excerpt":{"rendered":"

A year after attempting to abdicate his throne as ruling Bitcoin basher, Jamie Dimon has stepped back into the king\u2019s court heralding fresh commentary on the original cryptocurrency and the technology that underpins it. Coming on the eve of Bitcoin\u2019s 10th birthday, the JPMorgan Chase & Co. chief whip brought an end to his oratory […]<\/p>\n","protected":false},"author":175,"featured_media":134790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nJPMorgan CEO Jamie Dimon still doesn't "give a sh*t" about Bitcoin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/jpmorgan-ceo-jamie-dimon-still-doesnt-give-a-sht-about-bitcoin__trashed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JPMorgan CEO Jamie Dimon Still Doesn't "Give a Sh*t" About Bitcoin\" \/>\n<meta property=\"og:description\" content=\"A year after attempting to abdicate his throne as ruling Bitcoin basher, Jamie Dimon has stepped back into the king\u2019s court heralding fresh commentary on the original cryptocurrency and the technology that underpins it. 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