   
Jamie Dimon, CEO of financial giant JPMorgan Chase, has consistently debunked Bitcoin (BTC) and once again expressed his dislike for the preeminent cryptocurrency.
While Dimon has been vocal about disparaging Bitcoin, he has expressed support for the underlying technology of the digital asset. The banking mogul said in a recent interview with the Georgetown Psaros Center for Financial Markets and Policy that his bank is actually one of the largest “real” users of blockchain technology.
Jamie Dimon Praises Blockchain, But Still Not a Fan of Bitcoin
Jamie Dimon has boasted that the bank he runs — the largest in the United States — is a leader in using blockchain to move billions, even though Bitcoin, the pioneering cryptocurrency that made blockchain famous, isn’t his cup of tea.
“(JPMorgan Chase) is probably one of the biggest users of blockchain. A real user — a real user — as opposed to sex trafficking,” the nihilistic Dimon said when asked about innovative technologies like blockchain. “It’s just a database.”
Notably, he has repeatedly distinguished between “crypto” and “blockchain,” the ledger technology that underpins digital assets and which he sees as a useful tool. He has long criticized cryptocurrency over the years, calling it “worthless” in 2021 and, last year, saying he would try to shut it down if he had the authority in government. Dimon has also publicly referred to cryptocurrencies as “decentralized Ponzi schemes” and Bitcoin as an “overblown fraud.”
 Dimon, who on Tuesday reiterated his long-held belief that Bitcoin is like a “pet,” would be considered for Treasury secretary if Donald Trump takes over the White House.
While the JPMorgan boss said his bank cannot lend against crypto assets, it is certain that some clients still have access to crypto services through the bank. “If you want to do it, it’s a free country, do what you want,” he posited.
While Dimon remains critical of Bitcoin, he believes blockchain is a “great way to share data” and build trust between banks and their customers.
Ultimately, the banker may not care about Bitcoin, but a lot of people do, including Larry Fink, the CEO of the world’s largest asset manager, BlackRock.
