JPMorgan CEO Jamie Dimon Said He’d ‘Fire In A Second’ Anyone Caught Trading Bitcoin When It Was At $4,000.

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JPMorgan CEO Jamie Dimon Said He’d ‘***** In A Second’ Anyone Caught Trading Bitcoin When It Was At $4,000.

JPMorgan CEO Jamie Dimon Said He’d ‘***** In A Second’ Anyone Caught Trading Bitcoin When It Was At $4,000.

Jamie Dimon, the CEO of JPMorgan Chase & Co (NYSE:JPM), is known for his no-holds-barred attacks on Bitcoin (CRYPTO: BTC), despite the banking giant’s investments in exchange-traded funds tied to the leading cryptocurrency.

What happened: Speaking at an investor conference almost exactly seven years ago, Dimon dubbed Bitcoin as “******” and “worse than tulip bulbs,” in reference to the Dutch tulip mania in the 17th century.

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The remark that gained the most notoriety was when he said he would “***** in a second” any JPMorgan trader caught trading in Bitcoin.

When Dimon made these remarks, one Bitcoin was priced at $4,161.27. Today, the coin’s price has ballooned to $57,926, indicating a massive 1,292% increase.

Why It Matters: Dimon’s criticism of Bitcoin has continued unabated, and he went

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during a Congressional testimony in December last year.

However, his stance

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when the first-ever Bitcoin ETFs saw the light of day. Dimon said, “I defend your right to do Bitcoin.”

According to the recent

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with the SEC, JPMorgan reported holding $42,000 worth of shares of Grayscale Bitcoin Trust (NYSE:GBTC). It also liquidated its entire portfolio in the iShares Bitcoin Trust ETF (NASDAQ:IBIT) which was acquired in the first quarter.

Price Action: At the time of writing, Bitcoin was exchanging hands at $57,947.66, up 2.50% in the last 24 hours, according to

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.  Shares of JPMorgan closed 0.78% higher at $207.17 during Thursday’s regular trading session.

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