Jamie Dimon, JP Morgan Chase & Co’s CEO, has called bitcoin “worthless” due to the likelihood of increased regulation from governments, according to Reuters.
According to a report from Reuters, Dimon, who has been chair and CEO of JP Morgan since 2005, told a conference on Monday (11 October) at the Institute of International Finance that "no matter what anyone thinks about it, government is going to regulate it". "They are going to regulate it for (anti-money laundering) purposes, for (Bank Secrecy Act) purposes, for tax," he said. "I personally think that bitcoin is worthless. I don't think you should smoke cigarettes either." Ruffer Investment Company takes profits on 'defensive' Bitcoin bet The comments made are in spite of the f...
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