JPMorgan Chase CEO Jamie Dimon said that the clients of America’s largest bank are interested in Bitcoin during The Wall Street Journal’s CEO Council summit.
His comments came after it was reported that JPMorgan would introduce a Bitcoin fund this summer.
However, despite his bank embracing the largest cryptocurrency, Dimon continues to dismiss it, explaining that it’s not his job to decide what JPMorgan’s clients are doing with their money.
I don’t tell clients what to do. That’s their job. Not my job (to decide what they want to do with their money).
Dimon sticks to the pro-blockchain narrative while claiming that he’s not interested in the technology’s main use case:
Blockchain is real, we use it…I am not a Bitcoin supporter. I have no interest in it.
Still, the billionaire banker’s rhetoric appears to be much softer compared to 2017 when he vowed to instantly fire any traders dealing with Bitcoin.
Inflation is real
Dimon claims that there will be inflation due to “enormous” quantitative easing, predicting that interest rates will go up.
You gonna have inflation…Let’s just look at the facts.
Speaking of the booming U.S. equities market, he claims that it is pricing in a very strong economy.