Jamie Dimon – CEO JP Morgan Chase

Jamie Dimon was a staunch critic and another interesting figure in regards to Bitcoin,
I say “was” because in a recent interview he doesn’t seem to be as quick to slate it.
His recent comment was “its not my cup of tea” which has softened considerably
from his famous comment “It is worse than tulips bulbs,” which references the massive
speculative Tulip market bubble in Holland in the early 1600’s

Eventhough JD was not a fan of Bitcoin he has an understanding of how it worked and is
interested in Blockchain technology stating “Its a technology which we’ve been studying,
and yes its real, it can probably reduce the cost of doing business. If it proves to be cheap
and secure, it would be adapted for a whole bunch of stuff”

He realized that moving into Blockchain was the least JP Morgan could do and created their
own coin JPMcoin which is pegged to the Dollar unfortunately for them.

Another interesting move by JP Morgan was they added Coinbase and Gemini Trust to their client list.
JPMorgan Chase & Co. agreed to take on two Bitcoin exchanges as banking clients in a move that shows
the company getting more comfortable with an industry its top leader once spurned.

Some of Jamie Dimons previous comments

2015 – November 5th –

“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.”

2016 – January 10th

 “Bitcoin the currency is going nowhere. There is nothing behind it, and if it was big the governments would stop it,”

2017 – September 21st

“is a fraud.”

“The currency isn’t going to work. You can’t have a business where people can invent a currency
out of thin air and think that people who are buying it are really smart.”

Dimon said that if any JPMorgan traders were trading the crypto-currency, “I would fire them in a second,
for two reasons: It is against our rules and they are stupid, and both are dangerous.”

Commenting on his daughter - “It went up and she thinks she’s a genius now,”

“It is worse than tulips bulbs,”

2017 – October 13th

“If you’re stupid enough to buy it, you’ll pay the price for it one day,”

“Who cares about bitcoin? The world economy is so big,”

2018 – January  

“‘I regret’ calling bitcoin a fraud”

2020 – November 

“bitcoin is just not my cup of tea.”

“some ‘very smart people’ are investing in bitcoin these days”