{"id":50374,"date":"2021-09-29T13:48:33","date_gmt":"2021-09-29T10:48:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50374"},"modified":"2025-09-02T17:41:33","modified_gmt":"2025-09-02T14:41:33","slug":"jamie-dimon-sees-bitcoin-rising-tenfold-but-declines-to-buy","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jamie-dimon-sees-bitcoin-rising-tenfold-but-declines-to-buy\/","title":{"rendered":"Jamie Dimon sees Bitcoin rising tenfold, but declines to buy."},"content":{"rendered":"

Bitcoin could rise tenfold in the next five years, but that’s not a reason to buy it. JPMorgan CEO Jamie Dimon said this in an interview with Times of India<\/a>.<\/p>\n

During the discussion, the executive expressed confidence that the first cryptocurrency will come under regulatory oversight, which will limit it to some extent.<\/p>\n

\n

“I don’t care about Bitcoin. People spend too much time and energy on it. Will regulation destroy the first cryptocurrency, I don’t know. Authorities will set the framework anyway. That doesn’t mean Bitcoin can’t rise tenfold in price in the next five years. But if you invest borrowed money, you’re a complete fool. Speculation arises in any market, even in communist countries. There is a lot of liquidity right now; I wouldn’t be surprised by anything.”<\/em>, \u2014 he noted.<\/p>\n<\/blockquote>\n

Earlier, the JPMorgan CEO has repeatedly criticised cryptocurrencies, vowed to fire employees trading digital assets, and called Bitcoin holders fools.<\/p>\n

In early May, acknowledged client interest<\/a> from the bank in digital gold, but maintained his scepticism about the asset.<\/p>\n

In August, according to the media, JPMorgan, together with NYDIG launched<\/a> a fund based on the first cryptocurrency for wealthy clients.<\/p>\n

Earlier, the bank opened access to three Grayscale Investments funds and the Osprey Bitcoin Trust<\/a> for subscribers of the asset-management arm’s services.<\/p>\n

Subscribe to ForkLog news on Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin could rise tenfold in the next five years, but that’s not a reason to buy it. JPMorgan CEO Jamie Dimon said this in an interview with the Times of India.<\/p>\n","protected":false},"author":1,"featured_media":50375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1283,229,36],"class_list":["post-50374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-jamie-dimon","tag-jpmorgan","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=50374"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50374\/revisions"}],"predecessor-version":[{"id":50376,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50374\/revisions\/50376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/50375"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=50374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=50374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=50374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}