JPMorgan CEO Says “Bitcoin Is a Scam”

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Once again, JPMorgan CEO, Jamie Dimon, criticized Bitcoin, calling the digital currency a “scam” and saying he had “no interest” in it. He said so while speaking at the Aspen Institute’s 25th Annual Summer Celebration Gala on Saturday.
His comments soon spread on the world’s mainstream press. According to Bloomberg, Dimon further “suggested governments may move to shut down the cryptocurrency, because of an inability to control them.”

“I wouldn’t put this high on the category of important things in the world. But I’m not going to talk about bitcoin anymore,” he told reporters almost a year ago. In a recent interview published in the July-August issue of the Harvard Business Review, Dimon refused to comment directly on cryptocurrencies, saying “I probably shouldn’t say any more about cryptocurrency.”

Over the last few months, mixed signals have came from other JPMorgan sources; the company’s co-president Daniel Pinto told the press in May that digital currencies “are real but not in the current form”. He added executives were “looking into” the space at a time when fellow finance giant Goldman Sachs revealed it was working on offering Bitcoin futures.
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