JPMorgan CEO's Unexpected Phrase About Bitcoin as Million Dollar Prediction Grows

The price of Bitcoin is up around 350% since crashing to recent lows of $15,000 in late 2022.

Bitcoin surpassed its previous all-time high, soaring above $70,000 per bitcoin this week, as Donald Trump suddenly turns bullish. The cryptocurrency's price is up about 350% since plunging to recent lows of $15,000 per bitcoin in late 2022, largely thanks to Wall Street giant BlackRock, which is quietly pursuing a $90 trillion Bitcoin bonanza. of dollars.

Now, with speculation swirling around a "secret bitcoin sovereign offering," JPMorgan CEO Jamie Dimon backtracked on an earlier call for Bitcoin to be "closed," while a huge Bitcoin price prediction $1 million per bitcoin is suddenly “advanced.”

"I don't know what bitcoin itself is for, but I will defend your right to smoke a cigarette, I will defend your right to buy a bitcoin," said Dimon, who remained staunchly against Bitcoin and cryptocurrencies as they slowly became accepted by the financial establishment, during the Australian Financial Review Business Summit reported by Reuters.

However, he added that "personally, I will never buy a Bitcoin."

In December, Dimon lashed out at Bitcoin during a Senate Banking Committee hearing, telling influential Democratic Sen. Elizabeth Warren that he was "always deeply opposed to crypto, bitcoin, etc.," that its "only real use case is criminals, drug traffickers... money laundering, tax evasion.”