Share this article
'Just Beware' Is All Jamie Dimon Will Say About Bitcoin
Jamie Dimon once called bitcoin a fraud – now he's saying "just beware."
Updated Sep 14, 2021, 1:48 p.m. Published Jun 7, 2018, 5:10 p.m.
"Just beware."
That's Jamie Dimon, CEO of Wall Street investment bank J.P Morgan Chase, who spoke Thursday to CNBC during a segment alongside billionaire investor Warren Buffett. During the joint interview, both Dimon and Buffett were asked about their views on cryptocurrency – a subject that, for the two, has sparked more than a degree of controversy.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Indeed, Dimon infamously branded bitcoin a "fraud" last fall – though he later reportedly said that he regretted those comments.
Today, his remarks were far more measured, with Dimon telling the network (according to a published transcript):
"I-- I don't wanna be the bitcoin spokesman. You know, just beware."
Buffett remarked Thursday that he believes he's set a "high standard" with his commentary – he said in January that cryptocurrencies "will come to a bad ending" – and added that "I don't know whether Jamie can top me or not."
The outspoken billionaire also said in May that bitcoin, to him, is "rat poison squared."
"[Bitcoin] itself is creating nothing," he told CNBC at the time. "When you're buying nonproductive assets, all you're counting on is the next person is going to pay you more because they're even more excited about another next person coming along."
Image Credit: CNBC
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
Asia Morning Briefing: BTC Steadies Around 90k With Liquidity Drained and a Fed Cut Fully Priced In
QCP notes participation has collapsed while Polymarket sees a shallow easing path, putting the focus on guidance and cross central bank signals.
What to know:
- Bitcoin remains around $90,000 as thin year-end liquidity leads to volatility and range-bound trading.
- Traders expect a shallow easing path from the Fed, with more focus on guidance than the anticipated rate cut.
- Global market movements are influenced by diverging central bank policies and macroeconomic signals.
Top Stories
