Jamie Dimon Calls Crypto a "Complete Sideshow": JPMorgan CEO\'s Latest Stance
JPMorgan Chase CEO Jamie Dimon has once again voiced his skepticism towards cryptocurrency, this time labeling the entire sector a "complete sideshow." In recent interviews, Dimon has been particularly critical of the attention crypto receives, especially in light of events like the FTX collapse.
Dimon\'s "Pet Rocks" Analogy and Criticism of Crypto Coverage
In a recent appearance on CNBC\'s \'Squawk Box,\' Jamie Dimon compared cryptocurrencies to "pet rocks," reiterating his long-held belief that the industry receives undue attention. JPMorgan Chase CEO Jamie Dimon compared cryptocurrencies to “pet rocks” on Tuesday and said that the nascent sector is the recipient of undue attention. The executive told a panel of CNBC anchors that their outlet spends too much time covering cryptocurrencies Jamie Dimon, the CEO of JPMorgan, likened cryptocurrencies to pet rocks in a CNBC interview Tuesday.
He emphasized that regulators should be focusing more on the crypto industry and less on providing constant coverage. JPMorgan (NYSE:JPM) Chief Jamie Dimon said crypto is a complete sideshow in the wake of the implosion of FTX. You guys spend too much time on it, Dimon.
Dimon\'s Long History of Crypto Skepticism
This isn\'t the first time Dimon has expressed his negative views on Bitcoin and other cryptocurrencies. JPMorgan Chase’s CEO Jamie Dimon has long been one of Bitcoin’s most vicious skeptics. He has consistently voiced concerns, even stating in the past that he would fire any employee trading Bitcoin, viewing it as foolish. In 2025, he said he would fire any employee who traded Bitcoin for being.
JPMorgan\'s Crypto Strategy: Contradiction or Pragmatism?
Despite Dimon\'s personal views, JPMorgan Chase is exploring offering cryptocurrency services to its clients. JPMorgan Chase will soon let clients buy bitcoin, though the bank won’t custody the asset, CEO Jamie Dimon said. Dimon reiterated his skepticism toward crypto. While Dimon remains skeptical, the bank is adapting to client demand, albeit with caution. This seemingly contradictory approach reflects the complex landscape of traditional finance navigating the evolving world of digital assets.
Dimon\'s Assurance Following FTX Collapse
In an interview with CNBC, JP Morgan CEO Jamie Dimon called crypto “a complete sideshow,” among other things. Referencing the FTX collapse, Dimon assured his JPMorgan Chase. JPMorgan Chase CEO Jamie Dimon compares cryptocurrencies to collecting “pet rocks” on Tuesday in a brutal takedown of the entire struggling market. Dimon appeared. JPMorgan Chase CEO Jamie Dimon joins CNBC\'s \'Squawk Box\' to weigh in on the collapse of crypto exchange FTX. For access to live and exclusive video from CNBC.