Testifying before the U.S. Congress today, Jamie Dimon, the CEO of JPMorgan Chase, stirred controversy by expressing his negative opinions on the Bitcoin and crypto market. The renowned banking executive stated that if he held a position in the government, he would “close down” Bitcoin and cryptocurrencies.

Dimon, who has been historically critical about Bitcoin and cryptocurrencies, reiterated his concerns regarding how the assets can be used. He emphasized that the government has the power to enforce strict regulations or even shut down the entire crypto space.

“I’ve always been deeply opposed to crypto, Bitcoin, etc,” said Dimon. “The true use case for it is criminals, drug traffickers,…

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