Share this article
Jamie Dimon: Bitcoin Will Not Survive
JPMorgan CEO Jamie Dimon has issued new remarks about bitcoin, dismissing the digital currency's potential to survive in the long-term.
Updated Sep 14, 2021, 2:00 p.m. Published Nov 5, 2015, 12:25 p.m.
JPMorgan CEO Jamie Dimon has issued new remarks about bitcoin, dismissing the digital currency's potential to survive in the long-term.
Speaking at the Fortune Global Forum
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
, Dimon said people were wasting their time with digital currencies such as bitcoin.
He added:
"This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that's going to put up with it for long ... there will be no currency that gets around government controls."
According to Dimon, bitcoin's underlying blockchain technology has a brighter future: "The technology will be used, it may even be used to transport currency but it will be US dollars."
Dimon's latest comments come after he spoke about both bitcoin and blockchain technology during Barclays' Global Financial Services Conference held in September.
Although cautious, the bitcoin skeptic said that JPMorgan – which recently partnered with distributed ledger startup R3CEV – was optimistic about the potential uses of blockchain technology.
In April this year, Dimon said his bank could learn from disruptive payment systems such as bitcoin in his annual letter to JPMorgan shareholders:
"You all have read about bitcoin, merchants building their own networks, PayPal and PayPal look-alikes. Payments are a critical business for us – and we are quite good at it. But there is much for us to learn in terms of real-time systems, better encryption techniques and a reduction of costs and 'pain points' for customers."
Dimon's comments on blockchain technology come amid increasing interest from banks and mainstream finance figures such as Blythe Masters, who famously left JPMorgan to join Digital Assets Holdings as CEO in March this year.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ETH, ADA, SOL Steady as Timezone Data Shows Europe Drove Deepest Bitcoin Selloff Since 2018
The broader market held its recent rebound, though liquidity remained thin ahead of Wednesday’s Federal Reserve decision.
What to know:
- Bitcoin steadied near $90,400 after a turbulent November, with Europe leading the sell-off.
- Strategy acquired 10,624 BTC, increasing its holdings to 660,600 BTC, amid concerns of potential index removal.
- The broader market held its recent rebound, though liquidity remained thin ahead of Wednesday’s Federal Reserve decision.
Top Stories
