Former US president Donald Trump has indicated that Jamie Dimon, the chairman and CEO of JP Morgan, has moderated his previously harsh criticism of Bitcoin. This revelation came during a Bloomberg interview where Trump also floated the idea of appointing Dimon as the Secretary of the Treasury.
Notably, Dimon declined this role in 2016.
Jamie Dimon Has a History of Criticizing Bitcoin
The conversation occurred after a broader meeting with nearly 80 business luminaries, including the CEOs of Citibank, Bank of America, and Apple. Trump characterized the meeting as a “lovefest,” suggesting a unified vision for America’s technological and business future.
“Jamie Dimon was, you know, very negative and now all of a sudden he’s changed his tune a little bit,” Donald Trump said.
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Historically, Dimon has been vocal in his skepticism about Bitcoin, denouncing it as a “fraud” and “Ponzi scheme” as recently as April 2024. However, he has consistently praised blockchain technology, which he described as a “real, new technology.”. Under his leadership, JPMorgan has pioneered various blockchain projects, such as the JPM Coin.
This shift in Dimon’s outlook coincides with Trump’s increased advocacy for the crypto sector. Following lucrative ventures into crypto-based NFTs, Trump has openly supported the industry. His campaign now accepts donations in Bitcoin and other cryptocurrencies, a stark contrast to the current administration’s cautious stance on digital currencies.
Last month, Trump emphasized the strategic importance of domestic Bitcoin mining for achieving “energy dominance.” He expressed concerns that neglecting the crypto sector might allow other nations, particularly China, to outpace the US.
“If I throw it aside, it’s going to be picked up in another country, most likely China—they’re pretty advanced in that sphere. It’s a baby. It’s an infant right now. But I don’t want to be responsible for allowing another country to take over this sphere,” Trump stated.
Additionally, Trump has been actively engaging with key figures in the crypto industry. He will also attend the Bitcoin 2024 conference in Nashville as the keynote speaker.
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Trump is not merely advocating for broader acceptance of cryptocurrencies; he is also planning to expand his non-fungible token (NFT) initiatives. Following the success of his previous NFT releases, Trump announced plans for a new collection, celebrating the “unbelievable spirit” of his supporters.
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