JPMorgan CEO calls crypto tokens ‘pet rocks’
JPMorgan & Chase Co. CEO Jamie Dimon called crypto “a complete sideshow” and likened the digital asset tokens to “pet rocks.”The comments came during a CNBC interview in which he also disparaged the media outlet for its extensive coverage of the crypto industry.
On the Bitcoin and altcoin market caps, Dimon referred to the former’s monetary value as representative of the whole industry. To further support his stance on the matter, Dimon turned to the purported prevalence of illicit activity within the industry, including cybercrime, exchange tokens, and tax avoidance. JPMorgan’s clients have an investment interest in the sector.
Source
https://t.me/DeFi_Ethereum
