JPMorgan CEO Jamie Dimon remains skeptical of Bitcoin and does not believe it has intrinsic value. He has previously called it a fraud and advised against getting involved with it. Dimon also believes Bitcoin is being used for criminal activities. Despite his personal views, JPMorgan launched an in-house Bitcoin fund in 2021 and has some exposure to Bitcoin ETFs. Dimon has compared Bitcoin to smoking, acknowledging the ability to buy it but not seeing it as a wise decision. Dimon has hinted at his retirement plans and it is uncertain who will take over as CEO of JPMorgan after his departure.
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