- JP Morgan’s CEO has reportedly changed his mind about BTC.
- The crypto market community was divided over Dimon’s reported change of stance on BTC.
JPMorgan CEO Jamie Dimon has been a long-time Bitcoin [BTC] The critic has emerged as one of President Donald Trump’s nominees for U.S. Treasury secretary.
Recent Bloomberg interview The former president, who met with Trump, praised Dimon,
“Jamie Dimon, as you know, was very negative and then all of a sudden he changed his tune a little bit.”
Reports suggest the former president may reconsider Dimon for Treasury secretary.
However, JPMorgan’s CEO and chairman have consistently taken a negative stance on Bitcoin, the largest digital asset.
While Dimon acknowledged the potential of blockchain technology, he saw no use cases for Bitcoin and called BTC “a scam.”Pet Rock“ March.
“There are cryptocurrencies that do something valuable. And then there are cryptocurrencies that don’t do anything. I call them pet rocks. Bitcoin, things like that.”
Has Jamie Dimon’s stance on cryptocurrency changed?
The executive has continued to attack Bitcoin, at one point calling it a “Ponzi scheme,” even after some on Wall Street warmed to digital following the successful launch of the BTC ETF in the first quarter.
In fact, in December 2023, Dimon was suggested He said that if he were in the federal government, he would “shut down cryptocurrency and Bitcoin.”
As a result, crypto market commentators have expressed concern that Trump has reportedly “shifted” Dimon’s stance on Bitcoin and the industry as a whole.
Meanwhile, Ben Spalango of the Solana Foundation said: It is called The alleged changes are
“This seems more like an exaggeration of Trump’s thinking than an actual reflection of Jamie’s changing stance on cryptocurrency.”
But other industry insiders, including David Bailey of Bitcoin Magazine and a member of the Trump campaign, say the former president Sure Dimon will likely change his view on Bitcoin.
Meanwhile, the probability of Trump winning the 2024 US presidential election is over 60%, and the market appears to be starting to price in the possibility of his victory.
Source: PolyMarket
Despite his closeness to Dimon, market analysts predict that a Trump victory would energize the cryptocurrency market. Alex KrugerKruger argued:
“The Trump administration could push for regulations that support cryptocurrencies and encourage innovation and adoption.”
Meanwhile, BTC was rejected at $65,000 and remained below that level ahead of the planned launch of the Ethereum ETF on July 23.
