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Bitcoin Is ‘Hyped-Up Fraud’ Says JPMorgan’s Jamie Dimon, but Blockchain Is ‘Deployable’

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At a recent World Economic Forum (WEF) interview with CNBC, CEO of JPMorgan Chase, Jamie Dimon made harsh public statements on his perspective of Bitcoin and the crypto industry.

"I think all that is a waste of time, and why you guys waste any breath on it is beyond me," said Dimon in the interview on the sidelines of the WEF. Dimon. "Bitcoin itself is a hyped-up fraud. It's a pet rock."

This is not the first time that Dimon has publicly shared his skepticism towards the crypto industry. In fact, he has been vocal about his views on digital assets since 2017, when he first referred to Bitcoin as a "fraud."

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