During an interview with CNBC, he said he “couldn’t care less” about the cryptocurrency and warned that “if you’re stupid enough to buy it, one day you’ll pay the price.”
He even speculated that Bitcoin could soar to $100,000 before crashing to zero. Fast forward to October 28, 2025, at Saudi Arabia’s Mega Investment Summit, Dimon offered a markedly different perspective.
From Skepticism to Practical Adoption
He acknowledged the value of blockchain and stablecoin technology, highlighting practical applications like JPM Coin for asset transfers and smart contracts. This shift underscores the growing recognition of crypto infrastructure as a serious tool for modern finance.
Dimon’s change in tone reflects a broader trend in traditional finance. JPM Coin, JPMorgan’s own digital token, allows for instant, cross-border transfers of assets between institutional clients. By leveraging blockchain, the bank can reduce reliance on multiple intermediaries, cut transaction costs, and increase settlement speed.
For example, a corporate client transferring funds from New York to London can do so in near real-time instead of waiting several days, which is the traditional banking timeline. Dimon emphasized that these applications are not about speculation on volatile tokens but about using crypto technology to improve efficiency, transparency, and compliance.
Implications for Investors and Beginners
This shift aligns with a growing institutional embrace of digital assets. According to a 2025 report from Deloitte, nearly 65% of major banks worldwide are exploring blockchain and stablecoins for payments and settlement processes. Dimon’s comments suggest that even long-time skeptics see the benefits of adopting these technologies within regulated environments. The focus is increasingly on infrastructure rather than price speculation, which signals a maturation of the market.
Dimon’s evolution offers a valuable lesson for investors. While Bitcoin and other cryptocurrencies remain volatile, the underlying technology has practical uses that can impact global finance. As digital assets become more integrated into banking systems, tools like stablecoins and smart contracts may provide reliable ways to transfer value efficiently.
Disclaimer
The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
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