Preserve your freedom to purchase Bitcoin
Jamie Dimon, the CEO of JPMorgan, who has been known for his criticism of Bitcoin, has expressed concerns about the cryptocurrency’s association with illegal activities. However, he now acknowledges individuals’ right to invest in crypto and appears more willing to support it.
In a recent interview with CNBC, Dimon highlighted the ongoing issues surrounding crypto’s involvement in illicit activities such as fraud and terrorism. Despite these concerns, he emphasized his willingness to defend individuals’ right to purchase cryptocurrencies, although he personally seems hesitant to do so.
This is the second time this year that Dimon has publicly discussed Bitcoin. In January, he stated that he was done talking about crypto. However, his latest remarks contradict earlier statements he made in December 2023, where he claimed that he would shut down Bitcoin and other cryptocurrencies if he represented the American people. This statement was made during a congressional hearing in response to concerns raised by Senator Elizabeth Warren, a vocal critic of cryptocurrency, regarding crypto regulation and compliance. It is worth noting that less than 1% of crypto transactions are actually tied to illegal activities, as clarified by Chainalysis.
As of now, Bitcoin is trading at $72,110, representing a year-to-date increase of over 70%, according to data from Yahoo Finance.
