During JPMorgan Chase's annual Investor Day, CEO Jamie Dimon reiterated his personal disapproval of Bitcoin, despite the bank facilitating client access to Bitcoin investments. Dimon firmly stated, "I am not a fan" of Bitcoin, emphasizing that JPMorgan will not custody the digital asset. While he acknowledged that the future may include some form of digital currency, he criticized Bitcoin for its lack of intrinsic value and associations with illicit activities. In contrast, JPMorgan analysts speculated a favorable outlook for Bitcoin over gold as it gains traction in investment markets due to rising demand.
Despite the bank's decision to provide clients with access to Bitcoin investments, Dimon emphasized his personal disapproval of Bitcoin.
I applaud your ability to wanna buy or sell it. Just like I think you have the right to smoke, but I don't think you should smoke.
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