After all Previous Criticism, JPMorgan CEO Jamie Dimon doesn’t accept Bitcoin’s Downturn

JPMorgan CEO Jamie Dimon

JPMorgan CEO Jamie Dimon has repeated his negative position on Bitcoin (BTC), focusing on that he doesn’t generally care about the crypto money. Jamie talked recently regarding the matter in a conference meet with CNBC’s Squawk Box.

Whenever inquired as for if he was satisfied with Bitcoin’s fall in 2018, Dimon expressed that he was not, taking note of that numerous news sources have over-revealed his suspicious comments. The CEO contended that he had not proposed to become a spokesperson against the leading cryptocurrency.

Amid the event, when inquired as to whether Bitcoin is superior to marijuana stocks, Dimon noticed that it is. However, we’re not banking pot either. Last year in February, JPMorgan had restricted the investment in cryptocurrency with their Visa cards.

Recently in the interview, the JPMorgan CEO likewise rehashed his help for the possibility of the fundamental innovation behind Bitcoin: blockchain. While communicating his expert blockchain position, Dimon noticed that views it as a genuine innovation and considered it a state-of-the-art database that everybody can access and trust.

Dimon had recently been accounted for as bullish on distributed ledger technology (DLT), which he guaranteed JPMorgan would use for different cases in 2018.

Despite, the CEO still noticed that blockchain industry disruptors have been discussing their items for a long time, yet that nobody seems to have accomplished something yet.

After reporting a blockchain-empowered framework for worldwide transactions in 2017, JPMorgan Chase documented a patent for a shared payment network based on blockchain last year in May.

In October 2018, a research organization revealed a study claiming that blockchain is a key innovation for the bank’s advancement guide to end up a big digital bank.