The JPMorgan CEO reiterated comments made last year on Bitcoin, calling cryptocurrencies a “scam” and saying he had “no interest” in the world’s largest digital currency. He suggested governments may move to shut down the currencies, because of an inability to control them.
Dimon had urged investors to prepare for higher rates in an interview in May, given the possibility growth and inflation could prove fast enough to prompt the Federal Reserve to hike more than anticipated, and the increase in financing by the U.S. Treasury.
This article was provided by Bloomberg News.