JPMorgan Chase CEO: Bitcoin is like a “pet stone” and cryptocurrencies may have value if they are embedded in smart contracts

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Cointime2024/01/18 05:51

By:Cointime

Jamie Dimon, CEO of JPMorgan, believes that there is a fundamental difference between blockchain and cryptocurrency. The latter may have value if embedded with smart contracts, similar to tokenization of physical assets. However, Bitcoin is like a "pet rock," and he advises retail investors not to get involved with it. He also joked that this would be the last time he discusses this controversial asset on CNBC. (Pet rock refers to a stone kept as a pet.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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