Jamie Dimon is back on the bitcoin commentary bandwagon.
Just a day after declaring on a third-quarter earnings call that he would refrain commenting on the cryptocurrency, the JPMorgan Chase CEO offered a critical take on those investing in bitcoin.
âIf youâre stupid enough to buy it, youâll pay the price for it one day,â he said today at an event hosted by the Institute of International Finance, according to a report from CNBC. During the event, he reportedly voiced support for the cryptocurrencyâs underlying technology â an area in which the Wall Street bank has undertaken a number of notable efforts, including the Enterprise Ethereum Alliance.
Per CNBC, Dimon also reportedly said that he âcould care less about what [price] bitcoin trades at.â
A report from Bloomberg includes additional details about Dimonâs latest comments. He reportedly said that bitcoin is âgreatâ for criminals, and that â in a refrain from yesterday â that it would be the last time he would comment on the subject.
âWho cares about bitcoin?â he was quoted as saying.
The remarks are the latest from Dimon, whose now-infamous comment in September that bitcoin is a âfraudâ sparked a wave of commentary about bitcoin itself as well as the wider cryptocurrency market. Other Wall Street figures, including Goldman Sachs CEO Lloyd Blankfein and ex-Fortress billionaire Mike Novogratz, have also weighed in on the topic.
His comments also come on the day that bitcoinâs price rose above $5,800 to hit a new all-time high. At press time, the price of bitcoin is trading at about $5,689, according to CoinDeskâs Bitcoin Price Index (BPI).
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