In an online interview with Times of India, Jamie Dimon, CEO of investment banking behemoth JPMorgan Chase (NYSE:JPM), slandered Bitcoin’s popular appeal, despite stating that the leading digital asset could increase 10x in a matter of five years.
A historically staunch critic of Bitcoin (BTC), Dimon called it a fraud back in 2017 and cited the reported capability for criminals to evade capture from authorities by operating their financial transactions in BTC rather than U.S. dollars.