Connect with us

News

“Stay away from cryptocurrency” – head of one of the largest banks JPMorgan Chase

Published

on

Jamie Dimon, CEO of US investment bank JPMorgan Chase, has urged to stay away from cryptocurrencies, but added that he would not stop JPMorgan Chase from working with cryptocurrency.

My personal advice to people: stay away from cryptocurrencies. This does not mean that our clients do not want it. It’s about how you should run your business. I don’t smoke marijuana, but if you make it legal nationally, I’m not going to stop people from doing it.

Jamie Dimon

He added that cryptocurrencies cannot be compared to regular currency or gold. Daimon said his personal views do not affect the financial services that JPMorgan Chase offers to its clients. JPMorgan Chase and its competitors continue to actively adopt cryptocurrency. According to CoinDesk, the bank is gearing up to offer an actively managed bitcoin fund to private clients.

He stressed that many clients turn to the bank with a request to help buy or sell cryptocurrency. Back in 2017, Jamie Dimon called Bitcoin a “scam”. He has now stated that JPMorgan Chase is discussing how to offer cryptocurrency products in a “secure” way.

This week, Bank of Japan Governor Haruhiko Kuroda stated that most of the trading in the cryptocurrency industry is speculative and Bitcoin’s volatility is extremely high.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest News

Gaming10 mins ago

HDMI 2.1, Wi-Fi 6 support, AMD FreeSync Premium, and full Xbox compatibility. New details about the flagship TVs Xiaomi Mi TV 6

Xiaomi today revealed new details about its Mi TV 6. The company has released a number of teasers that indicate...

News32 mins ago

The beta version of HarmonyOS 2.0 is out for Honor 30, Honor 30 Pro, Honor 20, Honor 20 Pro, Honor Magic 6 and a number of other ex-Honor flagships

Huawei today announced the release of the closed beta version of the HarmonyOS 2.0 operating system for a number of...

Phones3 hours ago

iPhone 13 Pro showed in high-quality images and video

On a YouTube channel called Concept Creator, as well as on the Letsgodigital website, they published renders and a video...

News3 hours ago

Introduced the all-new Duster 2022 with a range of up to 1235 km

In Europe, sales of the updated budget crossover will start in September 2021, which has changed markedly both externally and...

Phones3 hours ago

The race for megapixels is over: Samsung Galaxy S22 will receive a 50-megapixel camera

Samsung’s next-generation flagship, the Galaxy S22, is expected to launch in the first quarter of next year. However, leaks of...

Laptops4 hours ago

Chromebook shipments will grow by 33.5% this year, but next year the growth will be replaced by a decline

The COVID-19 pandemic has had a positive impact on the tablet and Chromebook market as consumers shift to telecommuting, learning...

News4 hours ago

Found a simple way to increase the sensitivity of terahertz receivers by 3.5 times

Researchers working at the Tomsk Polytechnic University have found a simple way to increase the sensitivity of terahertz radiation receivers...

Software4 hours ago

Windows 10 major update improves gaming performance, fixes blurry text, and more

Microsoft has released an update that brings with it some really important changes. The update with build number KB5003690 has...

Advertisement

Most Popular