JPMorgan's Dimon Doubles Down on Bitcoin Criticism Despite Record Price Surge

Jamie Dimon, JPMorgan Chase CEO, remains a critic of Bitcoin despite its price surging to a record high above $72,000
He defended people's right to buy Bitcoin, comparing it to defending someone's right to smoke cigarettes
However, he warned that Bitcoin's high price could indicate a bubble and doubts its value, calling it a "pet rock"
He also doubled down on claims that Bitcoin is used for illegal activities like money laundering and sex trafficking
Other CEOs like Warren Buffett also continue to doubt Bitcoin, saying it has no inherent value and is like a gambling token