[2017-10-12] Jamie Dimon: “I’m Not Going to Talk About Bitcoin Anymore”

[cybersofts]

JP Morgan Chase CEO Jamie Dimon said he is no longer going to discuss bitcoin after much his-publicized criticism of calling the cryptocurrency ‘a fraud’ last month.

Noted bitcoin critic and Wall Street banker Jamie Dimon has been known to make dramatic statements about bitcoin, calling it a ‘fraud’ that will ‘get someone killed’. The chief executive of America’s largest bank by assets also said he would fire any employee trading bitcoin for being “stupid.”

In an earnings conference call today to discuss the bank’s third-quarter performance with journalists today, Dimon has revealed he will no longer make any comments about the world’s most prominent decentralized currency on a day when it surged to a new record all-time high.

Dimon told journalists:

   " I wouldn’t put this high in the category of important things in the world, but I’m not going to talk about bitcoin anymore."

Dimon did leave a parting shot at bitcoin, claiming JP Morgan moves “trillions of dollars a day…digitally. It’s not cash.” The banker has made similar statements belittling bitcoin in the past. In November 2015, Dimon said: “Bitcoin is like 2 billion dollars or 3 billion dollars. We (JP Morgan) move $6 trillion a day.”

In two years since those comments, bitcoin’s market cap has made significant strides due to an increase of awareness, adoption and trust, by people and even governments, around the world. The total value of bitcoins mined currently stands at $86.2 billion.

JP Morgan’s chief financial officer Marianne Lake added to the conversation, telling reporters today:

    "We are open-minded for digital currencies that are properly controlled and regulated."

Jamie Dimon’s comments are in contrast to those of other major Wall Street bankers who expressed more nuanced, open-minded positions with cryptocurrencies like bitcoin. Goldman Sachs CEO Lloyd Blankfein publicly revealed he “is still thinking about Bitcoin” without “endorsing/rejecting” it after reports of the bank launching a dedicated bitcoin trading operation. In a public finance conference last month, Morgan Stanley CEO James Gorman called bitcoin “a fascinating development, that’s certainly something more than just a fad.”


Source: https://www.cryptocoinsnews.com/jamie-dimon-im-not-going-talk-bitcoin-anymore/

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[bbc.reporter]

Of course, because the price is making an all time high and that has made him shut his mouth hahaha. But if you ask me, I like him to keep talking about it. It is free promotion and publicity. The more those bank executives talk badly about bitcoin, the more the people become curious about it.

[rjbtc2017]

[In my opinion] What a hypocrite. He is just again wanted an attention!, if you don't want to talk about bitcoin you shouldn't say that you will not talk about bitcoin. If you really don't want to talk about bitcoin, just shut up and do your thing Jamie Dimon. I still respect this person though but i cannot forget the FUD he did alongside with China's breaking news of banning ICOs. #NeverForget

[IAMYOURLEADER]

I think either good or bad publicity will still benefit bitcoin. We have to admit that because of him, we can't buy btc at a lower price that is very seldom to happen now. It dropped from $3k back to $5k and surpassing it now so those bought it on those dips gain a $2k quick and easy.

[bubblebit]

Good for him, nothing really matters and does anyone really care about anything he will be saying about bitcoin in the future? Maybe one, Sachs. But in this community more than 90% will opposed what that CEO? said or think. And maybe asking what about the 10% they’re on altcoin now and sometimes they’re the one attacking bitcoin as well.

So I would not be shocked after this that we will hear a news about Jamie Dimon is accepting bitcoin and even investing on it. Hypocrisy indeed.

[glowing10]

Is it possible that he would have purchased at the 3k when market makes low last month after his statement and now as the price is soaring he would not be asked about it either because he is holding it or might be he would have missed the rally and better to stay away from it what he feels now.

[Kakmakr]

Jamie Dimon gave us some free publicity and with that came a whole bunch of new investors that were burned by banks and invested to get back to these greedy MoFo's. It became worst, when they realized he bashed Bitcoin to influence the price and then they invested in the aftermath. < market manipulation >

In the end, he hurt his and his companies reputation even more. ^smile^

[hatshepsut93]

I think many people, especially member of Bitcoin community, give Jamie Dimon and other persons like him way too much attention - you can see his name get mentioned very frequently since the last month, redditors post memes with him almost every day and many articles mention him. But why this is happening? This man has absolutely zero influence over Bitcoin, he's not an expert cryptographer or network developer, he's not an economist who writes scientific papers, so he can't constructively criticize Bitcoin - he can just voice his emotional opinion same as countless other naysayers, and I think we shouldn't waste our time on trying to prove them wrong.

[White sugar]

but he just said about bitcoin again

https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

[bubblebit]

but he just said about bitcoin again

https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

Oh well, he is a man without one word. He might be suffering from something else or might his company is on a bridge of full-out from investors because of bitcoin popularity.

This Jamie Dimon maybe the most hated personality in bitcoin community as of now, even his daughter uses bitcoin but can’t support it. That is not a good parenthood because of self righteousness and boastfulness. This is the implications of too much fame and money. As ego and pride strikes on his head.