BTC
$109,926.61
+
1.67%
ETH
$2,554.50
+
1.99%
USDT
$1.0002
+
0.02%
XRP
$2.4003
+
0.61%
BNB
$674.48
+
1.80%
SOL
$173.82
+
1.85%
USDC
$0.9998
+
0.02%
DOGE
$0.2358
+
2.92%
ADA
$0.7723
+
3.65%
TRX
$0.2676
-
0.82%
SUI
$3.9548
+
1.64%
LINK
$16.13
+
1.79%
AVAX
$23.22
+
3.28%
XLM
$0.2939
+
2.71%
HYPE
$28.28
+
2.52%
SHIB
$0.0₄1491
+
2.26%
HBAR
$0.1984
+
1.29%
LEO
$8.8446
+
0.92%
BCH
$414.59
+
2.85%
TON
$3.0889
+
0.18%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
Markets
Share this article
X iconX (Twitter)LinkedInFacebookEmail

'Not My Cup of Tea': Jamie Dimon Is Still Not a Bitcoin Fan

The JPMorgan Chase CEO said it's only a matter of time before the government moves to regulate bitcoin.

By Danny Nelson
Updated Sep 14, 2021, 10:32 a.m. Published Nov 18, 2020, 3:17 p.m.
JPMorgan Chase CEO Jamie Dimon
JPMorgan Chase CEO Jamie Dimon

JPMorgan Chase CEO Jamie Dimon said blockchain will have a pivotal role in the future of finance even if bitcoin, the market-leading cryptocurrency that made blockchain famous, is not his "cup of tea."

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

Speaking at the New York Times' DealBook Conference Wednesday, Dimon reiterated JPMorgan's support for blockchain technology as a potentially transformative financial mechanism.

"The blockchain itself will be critical to letting people move money around the world cheaper," he said. (His bank made waves recently with the launch of its "JPM Coin" for wholesale banking payments). "We will always support blockchain technology."

But Dimon refused to give ground on his opposition to bitcoin.

He repeated his longstanding belief that governments will ultimately more heavily regulate it (something echoed recently by fellow billionaire Ray Dalio). Oversight is inevitable for something so large, he said.

Even so, Dimon acknowledged that "very smart people" are buying into the cryptocurrency in the belief that it will outperform gold, the U.S. dollar and U.S. Treasury bonds.

"Let them do that," he said. "It's just not my cup of tea."

Screen Shot 2020-11-18 at 9.32.02 AM
Screen Shot 2020-11-18 at 9.32.02 AM

JPMorganJamie Dimon
Danny Nelson

Danny was CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.

X icon
Danny Nelson

Only 2 articles remaining this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • Consensus 2025
        • Consensus 2025 Coverage
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars & Events
        Back to menu
        Webinars & Events
        • Consensus 2025
        • Policy & Regulation Conference
      Select Language
      English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська uk