• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-10

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-10

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02
  • Market Cap
  • Shop
Crypto Semantic
Home»Bitcoin»Bitcoin: ‘Not a fan’ Jamie Dimon equates BTC to smoking cigarettes
Bitcoin

Bitcoin: ‘Not a fan’ Jamie Dimon equates BTC to smoking cigarettes

2024-03-12No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Jamie Dimon, the CEO of JPMorgan Chase, has ignited a firestorm of debate together with his latest remarks drawing parallels between Bitcoin [BTC] and cigarette smoking. 

On the Australian Monetary Overview enterprise summit, Dimon made headlines by expressing his assist for the correct to buy Bitcoin whereas unequivocally stating his aversion to investing in it. 

He famous, 

“I don’t know what the bitcoin itself is for, however I defend your proper to smoke a cigarette, I’ll defend your proper to purchase a bitcoin. I gained’t personally ever purchase a Bitcoin.”

This highlighted Dimon’s skepticism relating to the cryptocurrency’s utility, underscored by a pointed affiliation with unlawful actions similar to intercourse trafficking, fraud, and terrorism.

Dimon praises blockchain whereas criticizing Bitcoin

In a latest CNBC interview, Dimon drew a transparent distinction between blockchain know-how and Bitcoin, lauding the previous for its exceptional effectivity and tangible potential in numerous real-world functions, notably via tokenization.

Nonetheless, his stance on Bitcoin remained resolute, 

“There are cryptocurrencies that do one thing, which may have worth. After which there’s one which does nothing, I name it pet rock. The Bitcoin, or one thing like that,”

He additional added, 

“It has some use instances. Every little thing else is individuals buying and selling amongst themselves.”

Will ETFs change Dimon’s perspective on Bitcoin? 

These remarks come amidst a backdrop of accelerating curiosity and funding in Bitcoin-related monetary merchandise, similar to Bitcoin ETFs, which have lately garnered vital consideration for his or her exceptional efficiency, albeit drawing Dimon’s criticism as “merely absurd.”

Jamie Dimon’s remarks in January, together with his suggestion of a potential BTC ban, sparked swift and sturdy criticism from key figures inside the cryptocurrency business.

“I defend your proper to do Bitcoin…It’s OK. I don’t wish to inform you what to do. My private recommendation is don’t become involved.”

Voices similar to Grayscale CEO Michael Sonnenshein, Galaxy Digital’s Mike Novogratz, and Ripple’s CEO Brad Garlinghouse emerged to problem Dimon’s perspective. 

See also  WisdomTree exec says data sharing agreements are a “key part” of Bitcoin ETF applications

Nonetheless, regardless of criticism, Dimon maintains that cryptocurrencies pose vital dangers, highlighting the continued debate about their position in finance, leaving buyers to navigate this advanced panorama.

 

Subsequent: Cardano might rally 65% quickly, however not earlier than THIS



Source link

Bitcoin BTC cigarettes Dimon Equates Fan Jamie smoking
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin vs. Altcoins: What Are The Differences?

2025-02-26

What Can You Buy with Bitcoin? Everything You Need to Know

2025-02-14

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

How Many Satoshis are in a Bitcoin? A Guide to BTC’s Tiny Units and Their Role

2024-11-04
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Bitcoin

Bitcoin hits $41K: BCH, ORDI not left behind

2023-12-04

ORDI and BCH have been a part of the few cryptocurrencies that jumped by double…

NFT

Bitcoin NFTs Challenge the Blockchain’s Largest Use Case: Money

2023-02-17

NFT There was quite a lot of noise and questions just lately about Ordinal Inscriptions.…

Analysis

Executives Behind Backpack Wallet Gearing Up To Launch New Crypto Exchange That Aims To Protect User Funds: Report

2023-11-13

The creators of the Backpack pockets are reportedly gearing as much as launch a brand…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Hitachi issues $69 million blockchain-based green bond

2023-12-12

Folks Finance Expands to Ethereum, Avalanche, and Base With xChain Launch

2024-09-24

India’s Blockchain for Impact signs pact with UNICEF for robust public healthcare

2024-05-11

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$103,658.000.61%
  • ethereumEthereum(ETH)$2,542.468.61%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.433.51%
  • binancecoinBNB(BNB)$654.742.13%
  • solanaSolana(SOL)$173.730.40%
  • usd-coinUSDC(USDC)$1.000.00%
  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$103,658.000.61%
  • ethereumEthereum(ETH)$2,542.468.61%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.433.51%
  • binancecoinBNB(BNB)$654.742.13%
  • solanaSolana(SOL)$173.730.40%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 103,631.77
ethereum
Ethereum (ETH) $ 2,530.98
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.43
bnb
BNB (BNB) $ 655.96
solana
Solana (SOL) $ 173.76
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239958
cardano
Cardano (ADA) $ 0.822317
tron
TRON (TRX) $ 0.26174
bitcoin
Bitcoin (BTC) $ 103,631.77
ethereum
Ethereum (ETH) $ 2,530.98
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.43
bnb
BNB (BNB) $ 655.96
solana
Solana (SOL) $ 173.76
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239958
cardano
Cardano (ADA) $ 0.822317
tron
TRON (TRX) $ 0.26174