It's all FUD. Jamie wants to tank Bitcoin's price so he can buy more coins at a discount. But that's never going to happen. Especially when spot ETFs are on the brink of approval. Turns out Blackrock named JP Morgan as an authorized participant for its spot ETF offering. You can read all about it here: https://news.bitcoin.com/gofrom/icymi/blackrock-names-jpmorgan-as-authorized-participant-for-spot-bitcoin-etf-despite-jamie-dimon-wanting-to-ban-crypto/

I wonder what Jamie has to say now that Bitcoin will experience massive institutional adoption? Will he still claim BTC is used for illegal activities? With Bitcoin having legitimate use cases, its enemies will have no choice but to join it. As it's said in the real world, "if you can't beat them, join them". The future is bright for Bitcoin and the whole crypto industry.

JPMorgan Chaseis the biggest bank in America. It is odd the way that someone like Jamie Dimon who has presided over this empire for so long, can be so foolishly opposed to an idea.

A bank is in the business of managing the movement of money but the more important function that banks perform is managing the credit cycle that leads to the multiplier effect. Bitcoin is simply not in that same business and has nothing against the work that banks do.

This is also the reason that a lot of these institutions are now gradually starting to accept that Bitcoin is here to stay. Yes, there is a need to dissuade bad players but that a law and order issue which is definitely not exclusive of Bitcoin. Instead of rallying against bitcoin in such stupid manner Jamie should use his clout and the enormous resources to find a way to better integrate bitcoin into his services.

His opposition is almost like a hatred, an emotional stance, rather than a well-thought out, rational one.

That's the main reason why Jamie hates Bitcoin. The cryptocurrency's level of transparency would reveal his corruption to the public. With the USD, he can hide his activities without leaving any trace. Only the government will be able to know his tactics. I guess being a banker does have its benefits.

I'm yet to see what will be Jamie Dimon's reaction after spot ETFs are approved by the SEC. BlackRock already named JP Morgan as an "authorized participant" in its ETF application. Would he retract his comments of Bitcoin being a cryptocurrency used by criminals? Only time will tell us. I'd hold on tight as this is going to be a "bumpy" ride.

Banks are only interested in Bitcoin's core Blockchain tech. Not the cryptocurrency itself. JP Morgan has been experimenting with its own version of the ETH blockchain for the implementation of its very own cryptocurrency/token. Yet, Jamie Dimon criticizes Bitcoin as being a cryptocurrency used for criminal activities. If that's the case, why care about Blockchain tech at all? Pure hypocrisy like you've said.

Eventually, these bankers will launch a CBDC with the government to proceed with their plan of a "global reset". The rich will become richer, and the poor, poorer. Once CBDCs rule the world, we should expect a full blanket ban for decentralized cryptocurrencies like BTC and ETH. At least, in the future. Lets all enjoy the spot ETFs hype while it lasts.

Who is he?
I know JP Morgan because it's one of the biggest companies and I'm always up to date with what it's doing but not the people.
Well he is a very great person because indeed he is currently highly regarded for his position but what is his capacity to comment on bitcoin and by saying "if he is in the government" is with this statement to be seen as someone who can sit in the seat of government in his country

Statements like this have actually lost interest if used as an excuse because this is an old-fashioned way to destroy bitcoin because however such a way has always been done but in the end it does not provide significant results for them to destroy bitcoin.
In addition, when talking like this, it can also backfire on itself because after all, if you talk about bitcoin and argue like that then what is the company doing, is it really very clean from criminals? of course not only that it is not exaggerated because it will interfere with activities, especially in matters of trust in banks.

True you will see the fun part in his statement, its only proven that they can't beat or they can't get into the level of bitcoin that's why they resort to bad mouthing or pulling bitcoin down little he knows that no matter what he says or how influential he is people with right mindset and very know to bitcoin will not believe in what will he says, and based on the others opinions or post this person is a big scum and have a quite bad image proving that he is only saying things that could tarnish the image of bitcoin, but yeah sad part we can't do anything to that, there are no laws protecting bitcoin so even if someone like him saying false information and false accusations to bitcoin we can't sue him or what. The only thing we could do is not believe in this kind of person.

With spot ETFs approved by the SEC, the US government will finally be able to control a large portion of BTC's supply. Jamie Dimon should be happy now. I know most people won't care about this, as long as they see market prices grow in the long term. They're missing the bigger picture of what will ultimately (God forbid) lead to the demise of Bitcoin in the future. Wasn't BTC meant to be the anti-thesis of the existing monetary system empowered by banks and governments alike? By opening the doors to "Wall Street" we have moved away from Bitcoin's original vision.

It's likely Jamie will keep bashing Bitcoin while buying it in secret. The more negative pressure is exerted over the cryptocurrency, the lower market prices will be. This means bankers and the "Elite" will be able to grab BTC at a huge discount. Don't fall for their moves. Lets see how much BTC these institutions (BlackRock, Fidelity, etc) will accumulate over time. With such a finite supply of 21m coins, it's likely they will "own it all" (sort of). The future can't be predicted, so lets hope for the best.