Jamie Dimon Reiterates Negative View on Bitcoin’s Value

JPMorgan Chase CEO Jamie Dimon reiterated his negative stance on Bitcoin in a CBS News interview, stating:

Bitcoin has no intrinsic value.
It is associated with illegal activities such as sex trafficking and money laundering.
Dimon's views remain unchanged despite JPMorgan benefiting from Bitcoin's financial products, including participation in BlackRock's spot Bitcoin ETF.

Additionally, JPMorgan rebranded its blockchain platform from Onyx to Kinexys, focusing on real-world asset tokenization. The bank plans to launch on-chain foreign exchange capabilities in the first quarter of 2025.

Dimon's comments come just before Donald Trump’s return to the presidency, which may lead to a more favorable regulatory environment for Bitcoin and cryptocurrencies.