Jamie Dimon
is back on the bitcoin commentary bandwagon.
Just a day
after declaring on a third-quarter earnings call that he would refrain
commenting on the cryptocurrency, the JPMorgan Chase CEO offered a critical
take on those investing in bitcoin.
"If
you're stupid enough to buy it, you'll pay the price for it one day," he
said today at an event hosted by the Institute of International Finance,
according to a report from CNBC. During the event, he reportedly voiced support
for the cryptocurrency's underlying technology – an area in which the WallStreet bank has undertaken a number of notable efforts, including the
Enterprise Ethereum Alliance.
Per CNBC,
Dimon also reportedly said that he "could care less about what [price]
bitcoin trades at."
A report
from Bloomberg includes additional details about Dimon's latest comments. He
reportedly said that bitcoin is "great" for criminals, and that – in
a refrain from yesterday – that it would be the last time he would comment on
the subject.
"Who
cares about bitcoin?" he was quoted as saying.
The remarks
are the latest from Dimon, whose now-infamous comment in September that bitcoin
is a "fraud" sparked a wave of commentary about bitcoin itself as
well as the wider cryptocurrency market. Other Wall Street figures, including
Goldman Sachs CEO Lloyd Blankfein and ex-Fortress billionaire Mike Novogratz,
have also weighed in on the topic.
His
comments also come on the day that bitcoin's price rose above $5,800 to hit anew all-time high. At press time, the price of bitcoin is trading at about
$5,689
Source : CoinDesk
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