Posted 3/12/2024, 11:26:00 AM
Bitcoin Hits New High Over $72K, But Dimon and Buffett Remain Skeptics
- Bitcoin price surged to over $72,000, but JPMorgan CEO Jamie Dimon still doesn't see the value and calls it a bubble
- Dimon has long been a Bitcoin critic, calling it used for illegal activities like money laundering and sex trafficking
- Despite criticisms, Dimon says he'll defend people's right to buy Bitcoin like he'd defend their right to smoke cigarettes
- Bitcoin has had a volatile price history, surging and crashing multiple times since 2011
- Other top CEOs like Berkshire Hathaway's Warren Buffett also criticize Bitcoin, calling it a "gambling token" with no intrinsic value