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The "Big Brother of Wall Street" no longer "changes his mind when talking about currency"! Trump revealed that the CEO of JPMorgan Chase has changed his attitude towards Bitcoin

2024-07-18

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Zhitong Finance APP learned that as the price of Bitcoin has soared over the past year, Larry Fink, CEO of BlackRock, the world's largest asset management company, admitted that he had a misunderstanding of Bitcoin. Former US President and 2024 Republican presidential candidate Donald Trump recently revealed that JPMorgan Chase CEO Jamie Dimon also "suddenly changed his attitude." Dimon was once a major skeptic of Bitcoin and cryptocurrency.

It is understood that driven by the "Trump trading trend", the price of Bitcoin has recently soared to $65,000 again. Trump has repeatedly stated during his campaign that he will fully support cryptocurrencies.

"You know, Jamie Dimon was very negative, and now all of a sudden he's changed his tune," Trump said in an interview. Last month, Trump met privately with Dimon and about 80 other corporate executives, including the CEOs of Citigroup, Bank of America and Apple Inc.'s Tim Cook, in what Trump called a "love party."

Despite Wall Street's initial enthusiasm for investing in Bitcoin and cryptocurrencies, Dimon has been a critic of Bitcoin and cryptocurrencies, calling them a "fraud" and a "Ponzi scheme" in April. Dimon has said that if he were in government, he would "shut it down" and called Bitcoin a "waste of time" and a "pet rock" that is "good for nothing."

However, Dimon led JPMorgan to develop and deploy its own blockchain and cryptocurrency, JPMorgan Coin, to speed up and reduce transaction costs.

If Trump returns to the White House in November, he has not ruled out considering Dimon for the position of U.S. Treasury Secretary, and Trump said he has "great respect for Jamie Dimon." JPMorgan declined to comment on Trump's remarks.

This week, Trump named James Vance, a former venture capitalist who supports Bitcoin and cryptocurrencies, as his 2024 running mate.

In recent months, Trump has made millions of dollars from a series of crypto-based non-fungible tokens (NFTs), which puts him at odds with the Biden administration's anti-crypto stance. Trump announced his support for cryptocurrencies in late May and began accepting Bitcoin and some other cryptocurrencies as campaign donations.

“I’ve met the people in the industry, and they’re top talent,” said Trump, who met with major U.S. bitcoin mining executives last month and took advice from Bitcoin Magazine CEO David Bailey, who pushed Trump to be a keynote speaker at the Bitcoin 2024 conference in Nashville later this month.

Last month, Trump reportedly launched a cryptocurrency charm offensive at a Silicon Valley fundraiser hosted by investors David Sacks and Chamath Palihapitiya. “He said he was going to be the crypto president,” said Trevor Trainor, a San Francisco tech executive and former ambassador to Austria in the Trump administration.

As of press time, Bitcoin fell 1.08% to $64,493. According to reports, according to a press release issued by German law enforcement agencies on July 16 local time, the German government urgently sold 50,000 Bitcoins seized in January and earned 2.64 billion euros (equivalent to 2.89 billion U.S. dollars).