As the years went by, this is what JPMorgan said about BITCOIN:
2014: “It’s a terrible store of value. It can be replicated over and over again.”
2015: “No government is going to support a virtual currency that crosses borders.”
2017: “Bitcoin is a fraud.”
2017: “If I had a trader trading Bitcoin, I’d fire them in a second… because it’s stupid.”
2018: He regretted calling it a “fraud,” but remained highly critical.
2021: “Personally, I think Bitcoin is worthless.”
2022: “They’re decentralized Ponzi schemes.”
2023: “If I were the government, I’d shut it down.” / “It’s a hyped-up fraud.”
2024: “I call it a pet rock. It does nothing.”
2024: “This is the last time I’m talking about this with CNBC, God help me.”
2025: “Bitcoin has no intrinsic value. It’s used for sex trafficking, money laundering, and ransomware.”
2025: He compared it to smoking: “You have the right to buy it, but I don’t think you should.”
JPMorgan (2026): We have included #Bitcoin in our portfolio, as we consider it THE BEST ASSET for the long term, outperforming stocks, bonds, and GOLD over the next 10 to 15 years.
Everyone buys Bitcoin at the price they deserve.
2014: “It’s a terrible store of value. It can be replicated over and over again.”
2015: “No government is going to support a virtual currency that crosses borders.”
2017: “Bitcoin is a fraud.”
2017: “If I had a trader trading Bitcoin, I’d fire them in a second… because it’s stupid.”
2018: He regretted calling it a “fraud,” but remained highly critical.
2021: “Personally, I think Bitcoin is worthless.”
2022: “They’re decentralized Ponzi schemes.”
2023: “If I were the government, I’d shut it down.” / “It’s a hyped-up fraud.”
2024: “I call it a pet rock. It does nothing.”
2024: “This is the last time I’m talking about this with CNBC, God help me.”
2025: “Bitcoin has no intrinsic value. It’s used for sex trafficking, money laundering, and ransomware.”
2025: He compared it to smoking: “You have the right to buy it, but I don’t think you should.”
JPMorgan (2026): We have included #Bitcoin in our portfolio, as we consider it THE BEST ASSET for the long term, outperforming stocks, bonds, and GOLD over the next 10 to 15 years.
Everyone buys Bitcoin at the price they deserve.
