The JPMorgan Chase CEO has long been a skeptic of cryptocurrencies, though his bank does offer crypto research and some services.
JPMorgan Chase CEO Jamie Dimon said Tuesday that cryptocurrency is not worth the time of serious investors. His remarks came after a series of high profile blowups of crypto firms. "Crypto is a complete sideshow, OK? And you guys spend too much time on it. And I've made my views perfectly clear, that crypto tokens are like pet rocks," Dimon said on CNBC's " Squawk Box .
Dimon has long been a skeptic of cryptocurrencies, though his bank does offer crypto research and some services . Dimon did say on Tuesday that there could be value in some of the crypto technology, if not the coins. "That doesn't mean blockchain is not real. That doesn't mean smart contracts won't be real or web 3.0. But cryptocurrencies that don't do anything? I don't know why people spend any time [on that]," Dimon said.
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