You troll analysts will no longer be able to goad Jamie Dimon into dumb conversations about Bitcoin, because Jamie Dimon is bigger than Bitcoin.
The Khaleesi of Wall Street was relatively silent during JPMorgan's earnings call today despite a quarter in which his bank beat on earnings and revenue despite some major hiccups in the trading and fixed income businesses. With JPMorgan still reigning supreme over US banks on the deposit front, Jamie did perk up on a call with reporters later in this morning. In Dimonian fashion, he played coy with what he thinks will happen to Dodd-Frank and postulating that he could put a dent in that tiny unemployment rate all by himself should Steve and Gary's art project Trump's tax reform package get through Congress.
All in all, Jamie was in a pretty solid mood...but then he wasn't.
Apparently, some people just can't resist the urge to poke at Jamie on his least-favorite topic. But as the saying goes "If you ask Jamie about Bitcoin, you get what you get and you don't get upset."
"I wouldn't put this high on the category of important things in the world. But I'm not going to talk about bitcoin anymore," said Dimon in response to a question during the bank's third-quarter earnings call with media on Thursday.
He's done, ya see! Sure, he's pissed all over Bitcoin and pumped up the altruistic social good of corporate tax cuts, but he's done now...well, with one of them.
Weirdly enough, Jamie's CFO Marianne Lake was not done talking Bitcoin, like at all:
"We are open-minded for digital currencies that are properly controlled and regulated," she said, also discussing the potential merits of blockchain, the technology behind bitcoin.
Wow, she couldn't wait to undermine him until he leaves on his first campaign listening tour late net year and she takes over? In fairness, Jamie has always been someone openminded on Blockchain, likely because he clearly doesn't see it as a threat to Jamie Dimon:
Dimon had the last word. "I was reminded that we move trillions of dollars a day ... digitally. It's not cash."
See, Jamie Dimon is done talking about Bitcoin because compared to Jamie Dimon, Bitcoin ain't shit.