Jamie Dimon Dismisses Bitcoin, Expresses Support for Smart Contract-Enabled Blockchains

Despite his personal views, JPMorgan is involved with BlackRock's Bitcoin ETF, which has seen significant trading activity since its launch.

JP Morgan Chase CEO Jamie Dimon has reiterated his negative stance on Bitcoin, stating he does not care about BlackRock CEO Larry Fink's views on the cryptocurrency.
Dimon has dismissed Bitcoin as a 'pet rock' and criticized its use in criminal activities such as sex trafficking and money laundering.
Despite his personal views, Dimon acknowledged that JPMorgan is involved with the new Bitcoin fund as one of two authorized participants for BlackRock's Bitcoin ETF.
Dimon expressed more support for smart contract-enabled blockchains, highlighting their potential in areas such as tokenization.
BlackRock's spot Bitcoin ETF, launched last week, has generated nearly $2 billion worth of volume through three days of trading.