Jamie Dimon, CEO of JPMorgan, has said that the main use of digital currencies is in criminal activities, and that the area will eventually be regulated.
to the Report Crypto Potito, Jimmy Damon still maintains his negative stance against Bitcoin, calling the digital currency “the future gold of idiots.” He also said that the digital currency industry must operate within the framework of the law.
The CEO of JPMurgan Bank is a comprehensive critic of digital currencies. In a recent interview with HBO, he outlined his reasons for opposing the asset class.
He also referred to the complete ban on bitcoin mining and trading in China, saying the move proved that bitcoin is an illegal currency and therefore should not be considered digital gold.
Jimmy Damon said:
I always believed that these currencies were finally illegal somewhere [اعلام] Will do, as will China [بیت کوین] Make it illegal [اعلام] So I think this [ارز دیجیتال] It’s somewhat stupid gold.
Despite the issues he has raised about bitcoin and gold, Damon has the opposite view of well-known figures who support bitcoin because of its benefits and resemblance to gold.
Michael Saylor, Steve Wozniak, and Chamath Palihapitiya are all among those who believe that bitcoin is a better asset than gold because of its limited supply and digital nature.
The CEO of JPMurgan also called on US regulators to define a legal framework for bitcoin, as he believes the main use of digital assets is in illegal activities.
“The CEO of JPMurgan said in an interview with the HB network:
Yes, if people are involved in tax evasion, human trafficking and [حملات] Use ransomware, whether you like it or not, Bitcoin will be legalized. This is not a moral argument, but it shows the truth.
It can be said that Damon has also joined the list of people who claim that bitcoin is used primarily for illegal transactions. However, this claim is not entirely true as numerous reports indicate that cash is still the most widely used method of payment among criminals. In addition, the Bitcoin blockchain is completely transparent and all transactions are recorded on it.
Despite the opposition of the CEO of GPSMurgan to digital currencies, the multinational investment bank has recently started providing services in the field of digital assets.
In late July, Mary Callahan Erdoes, a finance manager at JeepMorgan, said that most users of the bank consider bitcoin to be an asset class. According to Kalahan Ardous, the demand of users to create more opportunities in the field of digital currencies is increasing, and this bank will continue in this direction.
The asset manager of JPMurgan said:
Many of our clients say this is an asset class and I want to invest in it, and our job is to help them put their money where they want to invest it.
Shortly after Kalahan Ordos made the remarks, JPMurgan made it possible for its corporate customers to invest in six digital currency funds. One of these funds, recently created by New York Digital, is only available to the bank’s private customers.