Bitcoin’s impressive performance has shut the mouths of several skeptics who have had to acknowledge that -at least since the last few years- there is some merit in investing in this cryptocurrency. Jamie Dimon, CEO of JPMorgan Chase, is NOT in this group.
The well-known businessman has again doubled down on his views on Bitcoin, asserting that from his perspective, the cryptocurrency lacks any intrinsic value, and he does not advise taking it as a serious investment.
The CEO of JPMorgan Hates Bitcoin, But Loves His Pro-Bitcoin Clients
However, Dimon acknowledged that his opinion is not the most popular one today.
— Michael Saylor⚡️ (@michael_saylor) October 11, 2021
And the Twitter username Plan B, known for their Stock-to-Flow model, shared an meme about how Dimon’s bearish words tend to circulate before a bullrun.
In the meantime, Bitcoin remains steady at around $57.000. It is not yet dead.
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Tags: Banks Bitcoin JP Morgan