Donald Trump Considers Jamie Dimon as Critic of the Treasury Department
Journalist
- New information on JPMorgan CEO’s views on BTC.
- The crypto community responds to reports on Dimon’s potential reconsideration of BTC.
JPMorgan CEO Jamie Dimon, a long-time critic of Bitcoin [BTC], is now being considered by Donald Trump for the position of Treasury Secretary.
Bloomberg recently reported that during an interview, Dimon received praise from Trump and began reevaluating his stance on BTC.
“Jamie Dimon used to be, you know, very negative and has now changed his mind a little bit.”
The report also stated that the former president may consider Dimon for the role of Treasury Secretary once again.
The JPMorgan Chairman and CEO has historically been critical of Bitcoin, the largest digital currency.
While Dimon acknowledged the potential of blockchain technology, he previously saw no value in Bitcoin, comparing it to a “pet rock.” In March
“There are some cryptocurrencies that do something with potential value. Then there’s one that does nothing; I call it Pet Rock. The Bitcoin or something similar.”
Has Jamie Dimon changed his views on crypto?
Despite his ongoing criticism of Bitcoin, Dimon referred to it as a “Ponzi scheme” at one point. His steadfast stance remained unchanged even as Wall Street began to embrace digitalization following successful BTC ETF launches in Q1.
Dimon’s potential appointment would take place in December 2023. You may also be interested in reading our related article in which he stated that if he were in the federal government, he would “shut down crypto and Bitcoin.”
Members of the crypto market expressed concerns about Trump’s alleged portrayal of Dimon’s evolving stance on Bitcoin and the industry as a whole.
Ben Sparango of the Solana Foundation commented, “This seems more like an exaggeration of Trump’s train of thought than an actual representation of Jamie’s revised stance on crypto.”
