'Wall Street Emperor' Dimon: "I don't believe in Bitcoin... but I can't stop it if customers want it"

Jamie Dimon, CEO of JPMorgan Chase & Co., reiterated his skepticism about Bitcoin but made it clear that he respects customer choice.

On the 31st (local time), in an interview with CNBC, CEO Dimon stated, "I believe in stablecoin and blockchain. But I have no personal faith in Bitcoin itself," adding, "However, if customers want it, I don't want to tell them how to spend their money."

He also mentioned that JPMorgan recently allowed funds to be transferred to Coinbase. CEO Dimon explained, "Now you can transfer funds from a JPMorgan account to Coinbase," and "We've made it easier for customers to do this, and Coinbase has also agreed on how to use our API." He further added, "I think this is a positive development, and we are in it. Let's see what happens going forward."

In the past, CEO Dimon strongly criticized Bitcoin, calling it a 'fraud.' However, more recently, he has taken a positive stance on the financial application of stablecoin and blockchain-based systems, shifting JPMorgan's approach to allow limited trading of digital assets (cryptocurrencies) according to customer demand.