JP Morgan Stands Firm On His Views About Crypto

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Jamie Dimon, CEO of JP Morgan criticized cryptocurrency during JP Morgan’s 41st Annual Healthcare Conference.

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Rasu Shrestha, Chief Innovation and Commercialization Officer for Atrium Health, in a tweet wrote that Jamie Dimon calls cryptocurrency a “Decentralized Ponzi scheme!”.

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Jamie Dimon has always been a vocal critic of Bitcoin and other cryptocurrencies.

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Dimon is also known as a crypto cynic. In 2017, he called bitcoin “a fraud.”

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Bitcoin price dropped following his remarks and later it was reported that Dimon later expressed contrition for his remarks.

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However, the banking giant has been focused on using blockchain for financial services.

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JP Morgan currently uses its custom blockchain and token, JPM Coin, to conduct intraday repurchase agreements.

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