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What will be JPMorgan's primary strategy regarding Bitcoin investments by end of 2025?
2
Resolution / Starting Odds
Increase Bitcoin Investment Facilitation • 25%
Decrease Bitcoin Investment Facilitation • 25%
Maintain Current Strategy • 25%
Exit Bitcoin Market • 25%
Official JPMorgan announcements or financial reports
Story
JPMorgan CEO Dimon Labels Bitcoin a 'Ponzi Scheme' Used by Sex Traffickers, Money Launderers
Jan 13, 2025, 03:24 PM
JPMorgan Chase CEO Jamie Dimon has once again criticized Bitcoin, labeling it a "Ponzi scheme" with "no intrinsic value." In an interview, Dimon compared Bitcoin to smoking, saying, "It's like smoking: legal but not smart," and added, "I just don't feel great about Bitcoin." He asserted that Bitcoin is heavily used by sex traffickers, money launderers, and in ransomware attacks. Despite his public disapproval, JPMorgan continues to facilitate client investments in Bitcoin ETFs, acting as an Authorized Participant for such funds.
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Similar markets
Focus on digital banking • 25%
Other strategic focus • 25%
Expansion in Asia • 25%
Sustainability initiatives • 25%
Launch of a new blockchain-based product • 25%
Expansion of existing blockchain services • 25%
No major announcement • 25%
New blockchain technology partnership • 25%
Bank of America • 25%
JPMorgan Chase • 25%
Goldman Sachs • 25%
None • 25%
Maintain current holdings • 25%
Sell current holdings • 25%
Establish a reserve • 25%
Other • 25%
Other reasons • 25%
Market volatility • 25%
Lack of demand • 25%
Regulatory concerns • 25%
Maintain current holdings • 25%
Continue aggressive acquisitions • 25%
Sell all Bitcoin holdings • 25%
Reduce Bitcoin holdings • 25%
JP Morgan • 25%
Other • 25%
Bank of America • 25%
Goldman Sachs • 25%
Other • 25%
Goldman Sachs • 25%
JP Morgan • 25%
Bank of America • 25%
Trading Income • 25%
Other • 25%
Net Interest Income • 25%
Investment Banking Fees • 25%
Goldman Sachs • 25%
Other • 25%
Morgan Stanley • 25%
JPMorgan Chase • 25%