JPMorgan Chase CEO Jamie Dimon said he would “shut down” Bitcoin (BTC) if he were the government, continuing his stance against cryptocurrencies.
Jamie Dimon’s Anti-Bitcoin Stance
The CEO of JPMorgan has long been a vocal opponent of cryptocurrencies. In the past, he has compared Bitcoin (BTC) to terms like “Ponzi scheme” and “massively hyped fraud.” Dimon continues to take an aggressive stance against Bitcoin in his latest statement, even calling for the government to shut down the cryptocurrency industry. However, inside JPMorgan, there is more to the story than meets the eye, at least when it comes to blockchain technology, if not for investing in crypto assets.
Interestingly, the CEO’s comments come at a time when financial giants such as Blackrock and Fidelity are vying for the U.S. Securities and Exchange Commission’s (SEC) approval for the first spot Bitcoin ETF.
JPMorgan's cryptocurrency unit doubles headcount
JPMorgan’s blockchain unit, Onyx, reportedly now has about 300 employees, up from 100 three years ago. Onyx reportedly processes about $1 billion worth of transactions per day via blockchain.
On the other hand, financial services company Fidelity has been outspoken about the potential benefits of integrating cryptocurrencies and blockchain into its products. Earlier, the media reported comments from Fidelity executives on the upside potential of holding some Bitcoin. In less than two months, the price of Bitcoin (BTC) has risen by more than 60%, citing a variety of factors, including the approval of a spot Bitcoin ETF in 2024. #摩根大通 #加密货币
