Jamie Dimon in the Rough

Jamie Dimon is the chairman and chief executive officer (CEO) of JPMorgan Chase, one of the world’s largest investment banks. His net worth sits at an estimated $1.5 billion and thanks to his day job, he has A LOT of influence over the financial world.

• Jamie Dimon is known as one of the world’s largest Bitcoin critics due to his statements in 2017 that cryptocurrency was a fraud and that he would “fire any employee trading bitcoin for being stupid”.
• By 2018, Dimon was all over the news for his newfound acceptance of digital assets, though would only agree to use them in the case of total regulation.
• Dimon, along with a half-dozen other CEOs from the United States’ largest banks, discussed the future of cryptocurrencies during a congressional hearing on Wednesday.
• He once again reiterated his stance by stating that he is open to “properly regulated” stablecoins before throwing yet another dig at bitcoin.
• “I’m a major sceptic on crypto tokens, what you call a currency, like bitcoin. They are decentralized Ponzi schemes. And the notion that it’s good for anybody is unbelievable,” Dimon said “It’s dangerous”. 

Dimon’s comments came a day after news broke that lawmakers had drafted a new stablecoin bill that would temporarily ban payment coins that are not backed by outside assets, among other provisions.