From Investing.com:

JPMorgan Chase & Co. CEO Jamie Dimon expressed doubt about Bitcoin’s value in a recent CNBC interview, causing the cryptocurrency’s price to dip. Despite this, Bitcoin spot exchange-traded funds (ETFs) are still attracting significant investment, showing continued investor interest in digital currency.

Following Dimon’s critical comments, Bitcoin’s price fell to $42,400, demonstrating the influence of prominent financial figures on volatile cryptocurrency markets. However, Dimon did acknowledge the potential of blockchain technology in certain applications, recognizing its growing role in modern finance.

Despite Dimon’s skepticism, the inflow of billions into Bitcoin spot ETFs indicates that many investors are still optimistic about the future of digital assets. The continued investment reflects a strong appetite for cryptocurrency, despite Dimon’s reservations.

While Dimon’s views may not align with cryptocurrency advocates, the ongoing support for Bitcoin spot ETFs suggests that many investors remain bullish on the potential of digital assets.



Read more: JPMorgan CEO remains skeptical about Bitcoin as price dips By Investing.com