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JPMorgan CEO Jamie Dimon warns investors not to buy crypto - and calls for clearer rules around trading it

17 days ago   |   By Business Insider

Summary List Placement Jamie Dimon blasted cryptocurrencies as inferior to traditional assets, warned people against buying them, and urged regulators to scrutinize them more closely at a congressional hearing this week.
"Something that's not supported by anything, I do not believe has much value," the JPMorgan CEO said. Blockchain and stablecoins aren't in that camp, and his opinion doesn't dictate whether his company embraces crypto, he added.
"My own personal advice to people is stay away from it," Dimon said. "That does not mean the clients don't want it - this goes back to how you...
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JPMorgan CEO Jamie Dimon warns investors not to buy crypto - and calls for clearer rules around trading it

JPMorgan CEO Jamie Dimon warns investors not to buy crypto - and calls for clearer rules around trading it

17 days ago   |   By Business Insider

Jamie Dimon.
Kimberly White/Getty Images
Jamie Dimon cautioned investors against owning cryptocurrencies.
The JPMorgan boss sees little value in them relative to gold and fiat currencies.
Dimon urged lawmakers to regulate crypto more closely.
See more stories on Insider's business page .
Jamie Dimon blasted cryptocurrencies as inferior to traditional assets, warned people against buying them, and urged regulators to scrutinize them more closely at a congressional hearing this week. "Something that's not supported by anything, I do not believe has much value," the JPMorgan CEO said...
Read more ...

 


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