Jamie Dimon Not A Bitcoin Fan

Mani

Published onJanuary 24, 2014

Updated on May 13, 2021

Jamie Dimon said Bitcoin is a terrible store of money and going forward the virtual currency would face major regulatory challenges.

JPMorgan Chase & Co. (NYSE:JPM) chief Jamie Dimon believes Bitcoin’s standing as a currency will eventually end.

Terrible store of money

Speaking at the World Economic Forum in Davos, JPMorgan Chase & Co. (NYSE:JPM) said Bitcoin is a ‘terrible store of money’ and questioned its legal status over allegations that it is used to fund illegal activities. He felt it doesn’t have the standing of a government and...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Jamie Dimon Not A Bitcoin Fan

Terrible store of money

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