Jamie Dimon Doubles Down: JPMorgan CEO Hails Stablecoins But Dismisses Bitcoin as ’Digital Pyrite’
Wall Street's crypto-curious kingpin just drew a line in the sand—again.
While praising stablecoins as 'the future of institutional blockchain adoption,' Dimon couldn't resist taking another swing at Bitcoin during JPMorgan's Q2 earnings call. His reasoning? 'You can't hedge inflation with something that swings 20% before lunch.'
The banking titan's stance reveals the growing institutional divide: embrace the regulated, dollar-pegged tokens that play nice with legacy finance—while keeping decentralized assets at arm's length. After all, why bet on digital gold when you can mint your own?
One thing's clear: when the guy running a $3.4 trillion balance sheet talks crypto, the market listens—even if it's just to hear which way the regulatory winds are blowing.
