JPMorgan CEO Advises Investors to Stay Away From Bitcoin — 'My Personal Advice I

[sirty143]

JPMorgan CEO Advises Investors to Stay Away From Bitcoin — 'My Personal Advice Is Don't Get Involved'

Jamie Dimon, the CEO of JPMorgan Chase, has advised investors to stay away from bitcoin. “My personal advice is don’t get involved,” he said. “But I don’t want to tell anyone what to do. It’s a free country.” The executive added that he doesn’t care about Blackrock... See more for yourself here.

Your opinion is greatly appreciated.

[TomPluz]

I think that is the right attitude...while you are presenting your own opinion be mindful that you are not actually sharing just another FUD with people who can be interested with Bitcoin and cryptocurrency. While I don't basically like Jamie Dimon of JPMorgan as I considered him as one of the famous enemy of Bitcoin especially those years when BTC was not yet taken seriously by many institutions, he can sometimes be spewing opinions that I may like or just be neutral about it. People don't have to listen to what this man can be saying as he is actually representing a financial institution that is exploiting people for decades and is not an authority on things Bitcoin.

[Husires]

He will change his words from do not invest in Bitcoin to keeping Bitcoin in the wallet is dangerous and the fees are high. Buy Bitcoin through an ETF and his current position is a change from an old position that Bitcoin is used in criminal groups and the dark web or it is a bubble and every investor will lose his money.

Long critic of Bitcoin made its image bad after their collaboration on ETF


In what Dimon characterized as “the last time” he’d ever talk about bitcoin, he suggested that bitcoin derives the rest of its value from paper trading rather than serving a tangible purpose, but still believes investors have a right to buy bitcoin because it’s a “free country.

https://www.forbes.com/sites/dereksaul/2024/01/17/jpmorgans-jamie-dimon-says-he-wont-talk-about-bitcoin-anymore -after-trashing-it-one-last-time/

[Charles-Tim]

Jamie Dimon, the CEO of JPMorgan Chase, has advised investors to stay away from bitcoin. “My personal advice is don’t get involved,” he said. “But I don’t want to tell anyone what to do. It’s a free country.” The executive added that he doesn’t care about Blackrock... See more for yourself here.

When I read this news few days ago, it was funny to me. He said 'my personal advice is don’t get involved,” he said. But I don’t want to tell anyone what to do.

Is he not telling people what to do?

We have bitcoin critics but this is just a bad advice. When bitcoin increased above $100000 will be when those that take the advice will know that it is a bad advice.