Jamie Dimon bashes bitcoin again, says cryptocurrencies 'are kind of a novelty'

pulse

September 22, 2017 2:26 PM

Jamie Dimon is not a bitcoin enthusiast.

JPMorgan CEO Jamie Dimon doubled down on his anti-bitcoin position, saying cryptocurrencies like bitcoin and ether 'are a kind of novelty.'

While talking to CNBC India on Friday, the billionaire banker said the recent proliferation of initial coin offerings, a red-hot cryptocurrency-based fundraising method, and digital coins like bitcoin concerns him.

"It's creating something out of nothing that to me is worth nothing," Dimon said."It'll end when people lose a lot of money."

"So separate blockchain as a technology, it can be used for multiple things," Dimon said

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