Jamie Dimon bashes bitcoin again, calling it ‘worthless’
Dimon once again attacked the top cryptocurrency, calling it “worthless” during a virtual summit Monday.”I personally think bitcoin is worthless, but I don’t want to be a spokesperson,” he said during a virtual appearance at the Just last week, the family office of George Soros disclosed that it has invested in bitcoin too.So time will tell if Dimon winds up being right to repeatedly question bitcoin’s value. But his continued attack on the cryptocurrency seems to be falling on deaf ears with investors. “Jamie Dimon calling Bitcoin ‘worthless’ is nothing new and has been shrugged off by the market,” said Nicholas Cawley, analyst at DailyFX, in a report Tuesday. Cawley added that since Dimon referred to bitcoin as being worse than the Dutch tulip mania bubble of the 1600s four years ago, bitcoin has surged from about $4,500 to its current price approaching $60,000. JPMorgan Chase will report earnings for the third quarter Wednesday morning. Investors will be tuning in to see if Dimon has any more choice comments about bitcoin during either the media or analyst conference calls.
