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Previously, the chief executive of JPMorgan Chase, Jamie Dimon, had not changed his opinion regarding Bitcoin (BTC). The executive of the banking giant from the United States still insisted on viewing crypto assets as fraud.

“Crypto like Bitcoin, I always say it's a scam,” said Dimon, quoted from News.bitcoin.com, Wednesday (1/5/2024).

“If they think (crypto) is a currency, then there's no hope for it. It's a Ponzi scheme,” Dimon said in an interview with Bloomberg, when asked if there was any hope for crypto.

However, he continued; “if a crypto coin can do something like, a smart contract, then that digital asset has value. There will be smart contracts, and the blockchain works. As far as the 'crypto' accessing certain blockchain things, yeah, it might have some value”.

As is known, Dimon has been a vocal critic of Bitcoin and cryptocurrencies as a whole.

In March 2024, the JPMorgan Chase CEO confirmed that he would never personally invest in Bitcoin. He often says that several cases of using crypto assets are related to tax evasion, money laundering and terrorism financing.

During the Senate hearing, Dimon also revealed that if he entered government, he would shut down cryptocurrencies.

“My personal advice is don't get involved. But I don't want to tell anyone what to do. This is a free country,” said Dimon in January 2024, regarding the use of crypto assets.

On the other hand, the JPMorgan boss also acknowledged his clients' interest in cryptocurrencies and supported their freedom to invest.