Posted 1/18/2024, 3:07:00 PM
Dimon Dismisses Bitcoin as 'Pet Rock' Used in Financial Crimes, Advises Investors to Stay Away
- Dimon calls bitcoin a "pet rock" that does nothing and says this is the last time he'll talk about it
- Says there are two types of crypto - ones that might do something and bitcoin that does nothing
- Bitcoin is used for money laundering, fraud, tax avoidance and other financial crimes
- Dimon estimates over $100 billion a year is transferred illegally using bitcoin
- Dimon advises investors to stay away from bitcoin and says his personal advice is "don't get involved"