Jamie Dimon, CEO of JPMorgan, warns people to be careful when investing in crypto and quoting no intrinsic value news
Jamie Dimon, CEO of JPMorgan, warns people to be careful when investing in crypto and quoting no intrinsic value news
The CEO of the global investment bank JPmorgan has warned investors about investments in cryptocurrencies. "Cryptocurrency has no inner value. They basically buy a token," he said. "I would be very careful."
JPMorgan boss Jamie Dimon warns of investments in crypto
The Chief Executive Officer by JPMorgan Chase and Co (JPM.N), Jamie Dimon, shared his thoughts on the US economy, inflation, China and cryptocurrency in an interview with CBS Boston published on Wednesday.
He was asked whether young people should invest in crypto in relation to several commercials that encourage investors to invest money in cryptocurrencies, such as z advertising with Tom Brady and his wife Gisel Bündchen.
"I am a skeptic," replied Dimon. "I mean, blockchain is real if we use them for certain things. Parts of Defi (decentralized finances) are real." However, the JPmorgan boss emphasized:
cryptocurrency has no inner value. You basically buy a token. I don't know why there is so much of it, and I think so much is speculated about stocks and securities and crypto and the like. I would be very careful.
Nevertheless, Dimon said: "I defend people's right to do it in a free country. I will not do it."
On Tuesday, Reuters also reported that Dimon commented on cryptocurrency. "It's not really a currency ... it is hysteria," the CEO was quoted by JPMorgan.
Dimon has always been a Bitcoin skeptic. In October he said that Bitcoin " worthless " and questions the limited range of cryptocurrency. He also said that the regulatory authorities " regulate to the devil with it. " In May he advised people, stay away from cryptocurrency.
The CEO of JPMorgan admitted, however, that its customers Interested In this investment class and the bank now offers its customers some crypto investments.
The analysts of the company even doubled their prediction that the Bitcoin price reach 146,000 US dollar in the long term becomes. You can see a " Bullischer Outlabor btc higher.
What do you think of the warning of JPMorgan CEO Jamie Dimon? Let us know in the comment area below.
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