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Jamie Dimon, the Chief Executive Officer (CEO) of the largest U.S. bank, JPMorgan Chase, has expressed his doubts about the long-term viability of Bitcoin and other cryptocurrencies.
In a recent interview, Dimon hinted that he might step down as CEO in the near future, but remain chairman of the bank’s board. This move would likely lead to a significant leadership change at the institution.
As for his views on cryptocurrency, Dimon reiterated his skepticism towards the technology, stating that it is not suitable for mainstream use due to its volatility and lack of regulatory oversight.
Dimon’s comments come amid growing interest in digital assets among institutional investors and retail traders alike. However, his words may dampen expectations about Bitcoin’s potential to become a widely accepted means of payment or a reliable store of value.
It remains unclear who would succeed Dimon as the CEO of JPMorgan Chase once he steps down.
Source: u.today
