It was reported last month that US bank JPMorgan Chase was preparing to offer an actively managed Bitcoin fund to certain clients.
In light of these developments, JPMorgan Chase CEO Jamie Dimon reiterated that he is not a Bitcoin supporter.
Jamie Dimon said during the Wall Street Journal’s CEO Council summit that customers of America’s largest bank are interested in Bitcoin. Dimon’s comments came after JPMorgan was reported to open a Bitcoin fund this summer.
However, despite his bank’s adoption of the largest cryptocurrency, Dimon continues to dismiss it, explaining that it is not his job to decide what to do with JPMorgan’s clients’ money.
Jamie Dimon claims that JPMorgan clients, not himself, are interested in Bitcoin:
“I don’t tell customers what to do. This is their job. It’s not my job to decide what they want to do with their money. ”
While Dimon reiterates that he is not concerned with the main use case of the technology, he sticks to his pro-blockchain narrative:
“Blockchain is real, we use it… But I’m not a Bitcoin supporter, I’m not interested.”
JPMorgan CEO Jamie Dimon previously described Bitcoin as a dangerous scam, and the billionaire banker’s rhetoric and actions seem to have softened much compared to 2017, when he promised to instantly fire all traders dealing with Bitcoin.
Inflation Is Real
Speaking about inflation at the summit, Dimon claimed that inflation is inevitable due to the “enormous” quantitative easing, predicting that the Central Bank will have no choice but to increase interest rates and commented “There will be inflation … Let’s look at the facts.