JPMorgan CEO Jamie Dimon has been criticizing Bitcoin and other digital currencies for the past few years. Now, he has reiterated his negative attitude towards the asset.
At the same time, Dimon has acknowledged that stablecoins backed by the USD or another fiat currency can be used in transactions. In addition, JPMorgan Bank is actively using blockchain technology.
He has highlighted:
“I’m a big skeptic about cryptocurrencies that you call currency, such as Bitcoin. It is a decentralized pyramid scheme.”
The US authorities have already drafted a bill to regulate stablecoins.