Jamie Dimon noted that his personal opinion will not in any way affect the bank’s work with digital currencies.
The CEO of one of the largest US investment banks, JPMorgan, Jamie Dimon, speaking at the Financial Services Committee of the US House of Representatives, urged to stay away from cryptocurrencies, reports Yahoo Finance .
Dimon noted that this is his personal opinion and it will not affect JPMorgan’s work with cryptocurrencies in any way.
“My personal advice to people: stay away from cryptocurrencies. This does not mean that our clients do not want it. This is similar to how a business should be run.
I do not smoke marijuana, but if you make it legal at the national level, I am not going to prevent people from doing this, ”the head of the bank explained his position.
He stressed that he means cryptocurrencies, and not blockchain technology and stablecoins.
At the end of April, JPMorgan announced the creation of an actively managed bitcoin fund for a limited group of clients. The new product may be presented this summer. The custody of the assets will be held by NYDIG.
Previously, JPMorgan strategists advised investors to invest about 1% of their investment portfolio in bitcoin.
They believe that cryptocurrency is capable of hedging risks from fluctuations in traditional asset classes such as stocks, bonds and commodities.
