Jamie Dimon, CEO of JP Morgan Chase and an outspoken critic of Bitcoin and cryptocurrencies seems to be changing his mind. In a new statement, the bank chief claims that cryptocurrencies are here to stay and that they offer solutions for users looking for decentralized payment systems.
In 2017, Jamie Dimon talked ill about cryptocurrencies on several occasions, at times being very blunt and referring to people investing in Bitcoin as “idiots” and claiming that cryptocurrencies, especially Bitcoin, “won’t end well.”
Those statements were made a few months back when the cryptocurrency boom had just started and now, as the market is settling, it seems like Dimon might have to eat his own words.
“Cryptocurrencies are unlikely to disappear completely and could easily survive in varying forms and shapes among players who desire greater decentralization, peer-to-peer networks and anonymity, even as the latter is under threat,” Dimon said in a market summary that was recently published.
Good News for Cryptocurrencies
The fact that a major banker like Dimon is warming up to cryptocurrencies is a great sign for us and it proves that cryptocurrencies are slowly becoming normalized in our society. Combine that with governments discussing cryptocurrency regulation, and we might end up with Bitcoin becoming more accessible than ever before.
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