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Jamie Dimon calls bitcoin ‘worthless’

JPMorgan Chase chairman and CEO Jamie Dimon again criticized bitcoin, but admitted that clients of the financial holding company think otherwise.

"Our clients are adults. They disagree. That’s what makes markets. So, if they want to have access to buy yourself bitcoin, we can’t custody it but we can give them legitimate, as clean as possible, access," he said.

During the annual meeting of the Institute of International Finance CEO JPMorgan said that cryptocurrencies will fall under regulation, as concerns in Washington about stabelcoins and a new asset class in general are growing.

Previously, JPMorgan's CEO has repeatedly criticized cryptocurrencies, promising to fire employees who deal in digital assets.

The CEO also spoke harshly about bitcoin holders themselves.

And recommended to stay away from bitcoin.

Ryan Selkis, founder of the analytics firm Messari, published Dimon's key talking points about bitcoin from 2014 and compared them to price movements.

Mike Novogratz, founder of cryptocurrency bank Galaxy Digital, was surprised by Dimon's stance.

Anyway, analyst Joseph Young noted that Dimon's statements are traditional for a bull market.

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