Posted 3/12/2024, 3:35:00 PM
Jamie Dimon Defends Bitcoin Rights But Warns of Risks, Urges Fed Patience on Rates
- Dimon said he will "defend your right to buy bitcoin" but that he personally will never buy any
- He repeated his criticism that bitcoin is used for illegal activities like fraud and terrorism
- Dimon compared buying bitcoin to smoking cigarettes - something people have the right to do but he sees as risky
- He urged the Federal Reserve to wait until June before cutting interest rates to fight inflation
- An inflation report today showed an unexpected rise in prices in February
