Yeah. Shocked about it? I ain't though. For a man who had a bitter approach towards Bitcoin and crypto currencies since 2014 only to change opinion in 2017 through 2019 simply because he wants to expand his line of business and possibly pave a way to introduce his dollar backed digital coin, JPM, should tell you a lot about his personality. You can read more about his journey with crypto currencies here.
 The guy is a business man and these men will say anything that will favor them. Look at it this way; if I am a well known and respected figure in the society and I condemn a product, what have I done? I've succeeded in turning majority of the population in that state against that product and have dropped the rate at which demand and supply for that product will be and will garner enough response and attention if I decide to deal on that same product, provided I package it well.
 What this tells us about him is just simple; don't take him too seriously when he drops hate speeches bout Bitcoin or cryptocurrencies.

Was on my phone this morning also saw same here on the headline news which says CEO Jamie Dimon said Bitcoin does nothing!! And also he called it a “ the pet rock”

https://www.cnbc.com/amp/2024/01/17/jamie-dimon-says-hes-done-talking-about-bitcoin-i-dont-care.html

It is a free world and everybody can say whatever about Bitcoin. I feel sorry for people who take the statements of people like Jamie Dimon seriously. He has consistently told people not to invest in Bitcoin but it is hypocritical to know that JPMorgan Chase is investing heavily in the crypto sector. Businessmen cannot be trusted because they can do anything for profit.  

This is also the stance of fellow American Billionaire Warren Buffet who is a strong critic of Bitcoin. Meanwhile, it was discovered recently that Berkshire Hathaway is a major shareholder in a Latin American digital bank called Nu Holdings. This bank has launched several crypto-related services and is a well-known crypto-friendly bank in Latin America. Warren called Bitcoin rat poison, while Jamie pet rock, yet they are still investing and making profit from the industry, FUD mongers!!!.    

Does anyone else believe the public statements of such individuals (who have a vested interest in misinforming the broad masses, thanks to which he increases his capital)? You don’t need to listen to what they say, but you need to look at what they do (1st post in this topic confirming JP Morgan Chase engaged in cryptocurrency market).

With bankers (as with women) you need to do everything the other way around. They said that bitcoin is "bad" - it's time to buy it.

Let everyone rush to get ahead of him. Buy before Jamie Dimon.

This may be one of the reasons that made him make this statement ---> Jamie Dimon says he's done talking about bitcoin: 'I don't care'

Damon has been a critic of Bitcoin for a long time, but the tone of criticism has become less in recent years, and I expect that most critics will remain silent in the coming years, so that the debate will turn into whether it is a good or bad investment, whether it is a safe or high-risk investment, or whether it should be added to the investment portfolio as a form of diversification.

Of course, he lied. And he has had been a liar since many years ago when he started attacking Bitcoin and then for all we know the financial institution he is presiding is actually making good amount of money with cryptocurrency and with the coming in of ETFs we are seeing JPMorgan Chase an active participant on them. Now, this is showing us that sharks can really smell money miles away and would like to have a slice of the pie and eat it too so as to satiate its greed for money and power. We should not really listen too much on Jamie as far as cryptocurrency is concerned because he is a conflicted man at the very least.

Honestly we all should know better than take the words of a man such as JP Morgan seriously he is a businessman and he will say or do anything that it takes for him to take profit it is the reason why he ended up in wherever he is right now after all

Everything he does or say is calculated he has an agenda for everything and maybe the general public is the only one who would believe him but for the rest of us in the community we know that he is bluffing

He lies because he wants to be compliant with the regulators, especially the people in Congress. He plays both sides. On one hand there's people like Elizabeth Warren and Brad Sherman (both democrats) who work for Biden (because Biden has no idea how to regulate cryptocurrencies). Their goal is to weaken bitcoin and prepare the US for CBDCs.
On the other hand Jamie sees other banks launch crypto custody services, like Deutche bank, or HSBC. Many banks do research in the crypto sector and so does JP Morgan. The problem is Jamie is a lying bastard that once said he'd fire any employee found trading bitcoin and a year later opened a bitcoin trading desk at JP Morgan and told in an interview that his daughter owns bitcoin.

It's not lieing if he said something in the past but then goes back on his words? Damon like most Anti Bitcoinist didn't see or align with the Bitcoin vision in the initial stages but have since made a u-Turn. More often than not, people like Damon would always support a narrative as long as it makes them more money.



JP Morgan owns a business that is regulated by the government. So what's the best way to continue staying under the good graces of the government? Easy, be on their side. JPM is playing both sides here. They don't want to miss out on the crypto pie. If they do, all the "business" goes to Coinbase and other companies in the other categories.

 It has been a long time now when I observed some forms of inconsistency with some words that J.P. Morgan used to say about Bitcoin and cryptocurrency, while secretly doing the opposite thing, don't just get fooled by what these people say, they are hedge funds managers/institutional investors, and sometimes they do these things in such a way to manipulate the market when they want to buy or sell.
The bottom line here is to following their money and not following what they say because their money is their action and action they say speaks louder than a voice.