JPMorgan Chase CEO Jamie Dimon is bearish on Bitcoin

The CEO of JPMorgan Chase recently refuted the argument that Bitcoin has long-term potential at the World Fortune Forum, arguing that people's efforts in digital currencies (such as Bitcoin) are a waste of time.

He added:

“ This is my personal opinion, there can be no truly uncontrolled currency in the world. Without the support of the government, it will not exist for long. No currency can escape the control of the government. ”

But Dimon believes that the underlying protocol of Bitcoin, blockchain technology, will have a bright future: " This technology will be used and even used to issue currency, but this currency is the US dollar. "

Dimon concluded by referring to a discussion on Bitcoin and blockchain at the Barclays Global Financial Services Conference in September .

While JPMorgan is cautious and even a Bitcoin skeptic — it recently launched a partnership with distributed ledger startup R3CEV — it is optimistic about the potential uses of Bitcoin’s blockchain technology .

In his annual letter to JPMorgan shareholders in April , Dimon said his bank could learn from disrupting payment systems.

“ You all know about Bitcoin, where merchants can build their own networks. Payments is a key part of our business — we’re very good at it. But there’s still a lot to learn about this real-time system. Customers want better encryption and lower costs. ”

Dimon is not the only one who is optimistic about blockchain technology. More and more banking experts and mainstream financiers are optimistic about blockchain technology . For example, Blythe Masters, the mother of CDS , left JPMorgan Chase in March this year to head Digital Assets Holdings, a Bitcoin startup .

About Jamie Dimon

Jamie Dimon ( born March 13, 1956 ) is a financial genius, a legend on Wall Street , the new CEO of JPMorgan Chase , and the most awe-inspiring banker in the world. Under Dimon's leadership, JPMorgan Chase not only maintained a profit of nearly $ 2 billion every quarter, but its investment banking and other businesses also rose against the market trend when the five major investment banks collapsed. This financial genius made JPMorgan Chase stand firm in the storm. Jamie Dimon is the most awe-inspiring banker in the world. He is the youngest president of the Fortune 500 , one of the 25 most influential business leaders selected by Fortune magazine , one of the top 10 of the " 100 Most Powerful People in the Information Age " list of Vanity Fair magazine , and is deeply trusted by Obama . There is no doubt that Jamie Dimon is the most powerful banker in the United States.