Jamie Dimon. Because inconsistancy.
I can give Peter Schiff some stopped clock credit.
ollama run dolphin-mistral
>>> What has Jamie Dimon said about Bitcoin, historically?
Jamie Dimon, the CEO of JPMorgan Chase, has had mixed opinions on Bitcoin throughout history. Here are some notable
statements:
1. September 2017: In a speech at a Delaware Economic Forum, he called Bitcoin "a fraud" and said that he would fire anyone
trading it for the bank. However, he later clarified that the comment was not about the entire blockchain industry, but
rather about bitcoin itself.
2. November 2017: At an investor conference in New York, Dimon described Bitcoin as "worse than tulip bulbs" and said that
it will eventually blow up. He also called it a "scam."
3. June 2018: In a CNBC interview, Dimon expressed regret over his previous negative comments on bitcoin and admitted that
the cryptocurrency is "real." However, he still maintained a cautious stance, stating that he didn't own any himself and
that it was not something he would recommend to his clients.
4. September 2018: In an earnings call with JPMorgan investors, Dimon reiterated that he does not think bitcoin is "worth
the paper it's printed on." He also stated that Bitcoin is not a substitute for fiat currency and serves no real purpose as
a unit of account.
5. March 2019: During an appearance at the Economic Club of Washington, Dimon said that he had changed his mind about
bitcoin and that it might one day become a legitimate part of financial system. He stated that if the price of Bitcoin goes
to zero or negative, then "so be it."
6. June 2019: In an interview with CNBC, Dimon expressed concern over Facebook's Libra cryptocurrency project and its
potential impact on monetary policy and the financial system. He suggested that regulators should closely scrutinize the
project before allowing it to go forward.
Overall, while Jamie Dimon has had a historically negative view of Bitcoin, his opinions seem to have evolved over time.
While he still does not see it as a viable investment or unit of account, he has acknowledged its legitimacy and potential
role in the financial system.