Dimon Dismisses Bitcoin Despite JPMorgan's Crypto Moves
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JP Morgan CEO Jamie Dimon reiterated his stance that Bitcoin has no value and is used for illegal activities like sex trafficking and terrorism financing.
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Despite Dimon's anti-Bitcoin views, BlackRock named JP Morgan as a participant in its pending Bitcoin ETF filing with the SEC.
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Dimon remains opposed to Bitcoin as a payment method or store of value, though JP Morgan has launched its own blockchain and cryptocurrency products.
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Dimon predicts impending Bitcoin ETFs in the U.S. could flop like those launched in Canada and Europe amid low interest.
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If he were the government, Dimon said he would "close down" Bitcoin in response to Senator Elizabeth Warren's questions on crypto and criminal activity.