Jamie Dimon: Bitcoin Doomed While Blockchain Is for Real

Jamie DimonJamie Dimon

JP Morgan CEO Jamie Dimon is back in the Satoshi spotlight. Speaking during an appearance on CNBC’s coverage of the World Economic Forum meetings in Davos last month, Mr. Dimon once again pronounced his lack of faith in Bitcoin.

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Jamie Dimon: Bitcoin Going Nowhere

Jamie Dimon

Jamie Dimon“Bitcoin the currency, I think, is going to go nowhere,” Dimon said, “And it’s not because of anything to do with the technology. Governments, when they form themselves, form their currency. Governments like to control currency, know where it goes, and who it goes to, and control it for monetary purposes. There is nothing behind a Bitcoin, and I think if it was big, the governments would stop it. I mean that’s my own personal belief, I may be dead wrong.”

Despite this rather cynical view of “the currency”, the other side of the coin, Mr. Dimon argues, is the potential of blockchain technology:

“The Blockchain is a technology, which

Read more ... source: TheBitcoinNews