Despite the increasing popularity of Bitcoin at the institutional level, Jamie Dimon, CEO of JPMorgan, has not changed his stance on the asset. He has previously compared Bitcoin to a “pet rock” and in a recent interview, he once again used smoking as an analogy to describe his views on people buying Bitcoin.
However, during the interview, Dimon mentioned his optimism towards the underlying technology of cryptocurrencies and pointed out that JPMorgan is already utilizing blockchain technology. He stated:
Dimon had previously stated in September last year that JPMorgan could be one of the largest users of blockchain technology. Blockchain technology is a “good way of sharing data” and allows for trust to be established between banks and their clients.
The 68-year-old billionaire has been at the helm of JPMorgan for nearly 20 years and hinted at his retirement plans during the interview. Dimon stated that after stepping down as CEO, he may continue to serve as Chairman of JPMorgan, but it is currently unclear who will lead the bank after his departure.
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