According to PANews, JPMorgan CEO Jamie Dimon recently spoke at the Australian Financial Review Business Summit in New York, where he discussed his views on Bitcoin and the Federal Reserve's interest rates. Dimon stated that he does not see any use for Bitcoin itself, but he would defend the right of individuals to purchase it, just as he would defend their right to smoke. He added that he would never personally buy Bitcoin. Dimon has long been critical of the cryptocurrency, previously stating that many of its practical uses are for illegal activities.
In addition to his comments on Bitcoin, Dimon urged the Federal Reserve to wait until June before cutting interest rates, believing that the central bank needs to strengthen its credibility in fighting inflation.
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