Jamie Dimon, CEO of JPMorgan Chase, fires shots again: "I don't care, I won't buy Bitcoin, but that doesn't mean it won't increase tenfold"

JPMorgan Chase CEO Jamie Dimon has been a vocal critic of Bitcoin, but in an interview with the Times of India, he suggested that Bitcoin assets could increase tenfold in the next 5 years.

The Times of India posed several questions to Damon, asking whether governments should ban or regulate Bitcoin or other cryptocurrency assets. In response, Damon said:

I really don't care about Bitcoin. I think people have wasted too much time and energy on it. It will be regulated. This will limit it to some extent, but will it eliminate it? I personally don't know and don't care. I am not a Bitcoin buyer, but that doesn't mean it can't triple in the next 5 years.

Damon also expressed skepticism about the current banking industry, stating that governments should acknowledge what they don't do well, such as banking: "If they start lending for political purposes, they will be bad loans."

However, despite Damon's negative stance on Bitcoin, JPMorgan Chase has shown increasing interest in investing in cryptocurrency and blockchain projects over the past year.

In January of this year, JPMorgan Chase bought a 10% stake in MicroStrategy, a company known for its strong support of Bitcoin.

In July, JPMorgan Chase launched a global recruitment drive for blockchain developers, engineers, and marketers to work for its crypto-focused Onyx division, which introduced the bank's stablecoin asset, JPM Coin, in October 2020.

Meanwhile, according to a recent report, JPMorgan Chase's subsidiary, Counterpoint Global, is considering offering cryptocurrency investments to wealthy clients.

This article is authorized for reprint from Horizon Next Sumari News