JPMorgan’s CEO Jamie Dimon has once again slammed digital assets by calling the first cryptocurrency, Bitcoin, worthless.
He stated that while some cryptocurrencies have value, there are others that serve no purpose, dubbing them as “pet stones.”
According to Dimon, Bitcoin and similar assets have no intrinsic value and he advised individuals to stay away from them.
He also stated that he does not want to restrict others from using Bitcoin, but personally advises against it.
Dimon’s view is that Bitcoin’s primary uses are for illegal activities such as money laundering, fraud, human trafficking, and tax evasion.
However, he expressed support for projects involved in tokenizing real assets. When asked about financial giants like Fidelity and BlackRock entering the bitcoin market through spot ETFs, Dimon replied that he does not care.
