JP Morgan CEO: Bitcoin is Going Nowhere

JP Morgan CEO: Bitcoin is Going Nowhere

Noted Bitcoin skeptic Jamie Dimon was asked about Bitcoin during a recent televised interview. He doesn’t see the cryptocurrency going anywhere, although he does state blockchain technology “is real.”

JP Morgan CEO Jamie Dimon appeared in a CNBC interview at the World Economic Forum in Davos, where the interviewer brought up the subject of electronic currencies, specifically Bitcoin.

A previous interview between the two had Dimon remark that bitcoin “was going nowhere fast.” The comment was made during a previous installment of the WEC in Davos, years ago. The question resurfaced, with the interviewer stating, “now, it [bitcoin] seems to be reemerging potentially.”

To this, Dimon responded, “No. I think it’s two things,” he started, separating Bitcoin and blockchain technology.

There’s Bitcoin, the currency, I think is going to go nowhere and that’s not because of anything to do with technology.

The CEO of the largest bank in the United States by assets pointed to governmental controls that will curb virtual currencies.

“Governments, when they form themselves, form their currency. Governments like to control currency

Read more ... source: TheBitcoinNews

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