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Jamie Dimon Still Sees ‘No Value’ in Bitcoin
The crypto's main uses are for sex trafficking, money laundering and ransomware, claimed Dimon, a longtime foe of bitcoin.
Updated Jan 13, 2025, 5:55 p.m. Published Jan 13, 2025, 5:47 p.m.
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What to know:
- JPMorgan Chase CEO Jamie Dimon continues to be an opponent of bitcoin.
- Dimon said the largest cryptocurrency is used for sex trafficking, money laundering and ransomware.
JPMorgan Chase (JPM) CEO Jamie Dimon is nothing if not consistent when it comes to his views on Bitcoin .
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“Bitcoin itself has no intrinsic value,” he said in an interview with CBS News on Sunday. “It’s used heavily by sex traffickers, by money launderers, ransomware. So I just don’t feel great about Bitcoin.”
Similar to BlackRock CEO Larry Fink, Dimon was a longtime opponent of bitcoin. Unlike Fink — who underwent a 180 degree reversal in his views a couple of years ago — Dimon has continued holding the same negative outlook even as the bank he leads has profited off of bitcoin's growing use as a financial product, including serving as an authorized participant for BlackRock's spot bitcoin ETF.
JPMorgan also recently rebranded its blockchain platform, formerly Onyx, to Kinexys as it aims to double down on real world tokenization. The goal, according to JPM’s co-head of Payments Umar Farooq, is to reduce limitations of the current financial infrastructure, like tokenization of real-world assets (RWA). The banking giant said in November that it plans to introduce on-chain foreign exchange capabilities on its platform as soon as the first quarter of 2025.
Dimon's most recent comments came just days ahead of Donald Trump reassuming the U.S. presidency. Trump and team have promised and at this point appear set on delivering a far friendlier regulatory environment for bitcoin and crypto in general.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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How the ultra-wealthy are using bitcoin to fund their yacht upgrades and Cannes trips
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What to know:
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