JPMorgan CEO, Jamie Dimon.Mike Blake/Reuters
- JPMorgan boss Jamie Dimon is well-known for his skepticism towards bitcoin.
- That is despite heavy institutional adoption of cryptocurrencies, especially in bitcoin and ethereum.
While more and more Wall Street firms and retail investors are embracing bitcoin and other cryptocurrencies, JPMorgan boss Jamie Dimon isn't playing along with the crypto mania.
He recently slammed the digital asset as "worthless," and questioned whether its supply can in fact be capped at 21 million. Previously, he's said he wouldn't care even if bitcoin's price soars tenfold.
Bitcoin tested $60,000 in the week to October 15, nearing its record high of $64,863, and is up 104% so far this year.
Meanwhile, institutional adoption of digital assets has strengthened as long-term term investors continued to buy into bitcoin and ethereum.
Many influential tech billionaires - such as Elon Musk, Mark Cuban, and Mike Novogratz - have heaped praise on cryptocurrencies for their potential. In the financial world, the picture is different, and there are several leaders who can't find a good word to say about digital assets.
Here are 18 big financial players who are also big bitcoin skeptics.