• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Why Jamie Dimon Considers Bitcoin a Risky Investment

user avatar

by A1

25 days ago


JPMorgan's CEO Jamie Dimon has voiced his concerns about Bitcoin, describing it as a risky investment lacking intrinsic value.

Dimon's Cryptocurrency Skepticism

Jamie Dimon is known for his distrust of cryptocurrencies. While their bank offers crypto services, he has expressed concerns about the risks of Bitcoin, comparing its volatility to the unreliability of traditional assets like stocks and bonds.

Comparison to Smoking and Financial Risks

Dimon compared buying and selling Bitcoin to the right to smoke, saying, "You have the right to smoke, but I just don’t think you should smoke." He believes Bitcoin is an unreliable investment and could lead to financial losses for many investors.

You have the right to smoke, but I just don’t think you should smoke.

Broader Reflection of Financial Concerns

Dimon's comments come amid continuing Bitcoin price swings. Many crypto advocates argue that BTC provides a hedge against inflation and serves as a store of value, but Dimon doesn't buy into this, viewing cryptocurrencies as too risky for most people.

I don’t care, so just please stop talking about this sh*t.

Dimon's remarks reflect broader skepticism in the traditional financial community toward cryptocurrencies, which may impact the long-term viability of these assets.

0

Share

Other news

Elon Musk Turns to XRP: Impact on Ripple and the Crypto Market

Elon Musk's unexpected focus on XRP sparks speculation and potential changes in the cryptocurrency market.

user avatarA1

15 minutes ago

Significant Drop in Meme Coin Value: Causes and Prospects

Meme coins lose $44 billion in three weeks. A review of market changes and future prospects.

user avatarA1

17 minutes ago

Trump's Comeback Bolsters Cryptocurrency Market: Meme Coin Catzilla Leads

Trump's return has revitalized the crypto market, with meme coin Catzilla catching investors' eyes.

user avatarA1

18 minutes ago

Sky Adapts USDS Rates to New Stablecoin Market Conditions

Sky cuts USDS savings rate to 8.75%, boosting its ecosystem use.

user avatarA1

19 minutes ago

Top Meme Coins of the Week: Arctic Pablo Coin, Pudgy Penguins, and TRUMP

Review of Arctic Pablo Coin, Pudgy Penguins, and TRUMP meme coins this week featuring their characteristics and significance.

user avatarA1

19 minutes ago

How Arctic Pablo Coin, Goatseus Maximus, and Cat in a Dog's World Stand Out

Exploring the long-term investment potential of Arctic Pablo Coin, Goatseus Maximus, and Cat in a Dog's World.

user avatarA1

an hour ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.