Despite the increasing popularity of Bitcoin at the institutional level, Jamie Dimon, CEO of JPMorgan, has not changed his stance on the asset. He once compared Bitcoin to a pet rock and, in a recent interview, he again used smoking as a metaphor to describe his view on people buying Bitcoin.
Nevertheless, during the interview, Dimon mentioned his optimism towards the underlying technology of cryptocurrencies and pointed out that JPMorgan is already using blockchain technology. He stated:
Dimon mentioned in a September interview last year that JPMorgan could be one of the biggest users of blockchain technology. He described blockchain as a “good way to share data” and establish trust between banks and their clients.
The 68-year-old billionaire has been at the helm of JPMorgan for nearly 20 years and hinted at his retirement plans during the interview. Dimon stated that after stepping down as CEO, he may continue serving as Chairman of JPMorgan, but it is currently unclear who will lead the bank after Dimon’s departure.