Overview

• Jamie Dimon defends the right to buy Bitcoin but personally opposes it, comparing it to smoking a cigarette.
• Dimon suggests the Federal Reserve should wait past June before considering interest rate cuts, to ensure inflation is under control.
• Despite a strong U.S. economy, Dimon warns of a 65% chance of recession within the next two years.
• Bitcoin's price reaches a new all-time high, surpassing $72,000, amid market speculation.
• Dimon highlights the possibility of stagflation as the worst-case scenario, urging caution in monetary policy decisions.