Jamie Dimon on Bitcoin
The JPMorgan chief called Bitcoin a fraud in 2017, said he would fire any trader caught dealing in it, and has kept a running list of names for it since.
Every Jamie Dimon Bitcoin quote
Jamie Dimon Lashes Out Against Crypto: ‘If I Was The Government, I’d Close It Down’
“I’ve always been deeply opposed to crypto, bitcoin, etc. The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance... If I was the government, I’d close it down.”
CNBC
Sep 21, 2022 · $18,891Jamie Dimon Slams Crypto Tokens as ‘Decentralized Ponzi Schemes’
“I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin, They are decentralized Ponzi schemes.”
Bloomberg
Oct 11, 2021 · $57,490JPMorgan's Jamie Dimon Calls Bitcoin 'Worthless'
“I personally think that Bitcoin is worthless.”
Bloomberg
Nov 18, 2020 · $17,785‘Not My Cup of Tea’: Jamie Dimon Is Still Not a Bitcoin Fan
“The blockchain itself will be critical to letting people move money around the world cheaper,” he said. (His bank made waves recently with the launch of its “JPM Coin” for wholesale banking payments). “We will always support blockchain technology.” But Dimon refused to give ground on his opposition to bitcoin. He repeated his longstanding belief that governments will ultimately more heavily regulate it (something echoed recently by fellow billionaire Ray Dalio). Oversight is inevitable for something so large, he said.”
CoinDesk
Oct 13, 2017 · $5,640Jamie Dimon Says If You're Stupid Enough To Buy Bitcoin, You'll Pay The Price One Day
“I could care less about bitcoin….I don’t personally understand the value of something that has no actual value. You all can do whatever you want and I don’t care…..If you’re stupid enough to buy it, you’ll pay the price for it one day. I’ve also told people that it can trade at $100,000 before it trades to zero. The only value of bitcoin is what the other guy’ll pay for it. Who cares about bitcoin? The world economy’s so big, JPMorgan alone, $6 trillion, we move all this money, and bitcoin in total, all these currencies, $50 billion dollars, maybe a billion dollars trades a day.”
CNBC
Sep 12, 2017 · $4,148JPMorgan CEO Jamie Dimon Says Bitcoin Is A Fraud That Will Eventually Blow Up
“It’s just not a real thing, eventually it will be closed. It’s worse than tulip bulbs. It won’t end well.”
CNBC
Nov 4, 2015 · $409Jamie Dimon: Bitcoin Will Not Survive
“This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that’s going to put up with it for long … there will be no currency that gets around government controls.”
CoinDesk
How the predictions aged
Chief executive of JPMorgan Chase since 2005. He called Bitcoin a fraud in 2017 and has since called it worthless and a pet rock, while his bank built its own blockchain products. The first entry here is from November 4, 2015, when Bitcoin was $409. The latest is from December 6, 2023, at $43,933. Bitcoin at the time of the most recent obituary in this database was about 189 times its price at the first criticism.