Coindesk Logo

'Just Beware' Is All Jamie Dimon Will Say About Bitcoin

'Just Beware' Is All Jamie Dimon Will Say About Bitcoin

'Just Beware' Is All Jamie Dimon Will Say About Bitcoin

Jamie Dimon once called bitcoin a fraud – now he's saying "just beware."

Jamie Dimon once called bitcoin a fraud – now he's saying "just beware."

Jamie Dimon once called bitcoin a fraud – now he's saying "just beware."

AccessTimeIconJun 7, 2018, 5:10 PM
Updated Aug 18, 2021, 9:16 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

"Just beware."

That's Jamie Dimon, CEO of Wall Street investment bank J.P Morgan Chase, who spoke Thursday to CNBC during a segment alongside billionaire investor Warren Buffett. During the joint interview, both Dimon and Buffett were asked about their views on cryptocurrency – a subject that, for the two, has sparked more than a degree of controversy.

Indeed, Dimon infamously branded bitcoin a "fraud" last fall – though he later reportedly said that he regretted those comments.

Today, his remarks were far more measured, with Dimon telling the network (according to a published transcript):

"I-- I don't wanna be the bitcoin spokesman. You know, just beware."

Buffett remarked Thursday that he believes he's set a "high standard" with his commentary – he said in January that cryptocurrencies "will come to a bad ending" – and added that "I don't know whether Jamie can top me or not."

The outspoken billionaire also said in May that bitcoin, to him, is "rat poison squared."

"[Bitcoin] itself is creating nothing," he told CNBC at the time. "When you're buying nonproductive assets, all you're counting on is the next person is going to pay you more because they're even more excited about another next person coming along."

Image Credit: CNBC 

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.