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JPMorgan's Jamie Dimon Says Crypto Assets Are Like 'Pet Rocks.' Here's Why He's Wrong

JPMorgan's Jamie Dimon Says Crypto Assets Are Like 'Pet Rocks.' Here's Why He's Wrong

JPMorgan CEO Jamie Dimon doubled down on a couple of his financial beliefs in a CNBC interview this week. Dimon has said before that Bitcoin is "worthless" and called it "fool's gold." Indeed, part of the attraction of Bitcoin is that it is decentralized and doesn't need the involvement of central bodies.