Over the years, it seems that Jamie Dimon’s opinion of cryptocurrencies has softened from “fraud worse than the tulip craze that will eventually explode” and “worth nothing,” fit only for “stupid” people; to “not interested” and “not my cup of tea,” although not in an unwilling to let his employees and clients play in that sandbox if they want sort of way. This, apparently, is wrong: His studied nonchalance aside, deep down he thinks it’s every bit as ridiculous a waste of time as he did five years ago.

"I personally think that Bitcoin is worthless," Dimon said while speaking at a virtual event hosted by the Institute of International Finance. "But I don't want to be a spokesman for that, I don't care. It makes no difference to me…."

"I don't think you should smoke cigarettes either," the CEO continued before conceding, "Our clients are adults. They disagree. If they want to have access to buy or sell bitcoin – we can't custody it – but we can give them legitimate, as clean as possible access."

Au contraire, sayeth anti-Brexit Tory exile Baron Hammond of Runnymede.

Cryptocurrency trading firm Copper.co said on Monday former British finance minister Philip Hammond has joined it as a senior adviser to help with strategy as the London-based company expands its global footprint.

I mean, really, Jamie, whatever would make you say such a thing?

Floki Inu, a Dogecoin knockoff named after Tesla Inc. CEO Elon Musk’s pet dog Floki, is outperforming Dogecoin, Shiba Inu and other major cryptocurrencies….

Bitcoin is 'worthless': JPMorgan CEO Dimon [Fox Business]
Former UK finance minister Hammond joins crypto firm Copper.co as adviser [Reuters]
Crypto Named After Elon Musk's Pet Floki Is Outperforming Dogecoin, Shiba Inu And All Major Cryptos Today [Benzinga]

For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker.

Related

jamie-dimon-bitcoin

JPMorgan Places Child In Charge Of Childish Cryptocurrencies

Oliver Harris may not have to shave yet, but he’s Jamie Dimon’s new pointman on matters blockchain.

jamie-dimon-bitcoin

Jamie Dimon Hates Crypto So Much That He Made His Own To Prove How Dumb It Is

JPMCoin is the first financial instrument built to troll a whole class of financial instruments.

JamieBitcoinBillboard

Jamie Dimon Moderates Bitcoin Stance From "Fraud" To "Meh"

The future president is thisclose to buying some Ripple, you guys.

Screen Shot 2018-04-05 at 5.35.01 PM

Dimon 2024!

It begins anew.

powell bitcoin

Jay Powell Trying To Save Cryptos, Possibly At Expense Of His Job

And also, you know, his ability to save cryptos going forward.

HipsterDimon

Jamie Dimon Is Not A Luddite

And he’s spending a few hundred million dollars to prove it.

By Mike Cauldwell (https://www.casascius.com/photos.aspx) [Public domain], via Wikimedia Commons

Even Gary Gensler Thinks He’s Wasting A Lot Of Time On Cryptos

Since all that work will be moot soon enough, once they cease to be.