Bitcoin Bashed by JPMorgan CEO Jamie Dimon

JPMorgan CEO Jamie Dimon took another opportunity to publicly air his criticism about Bitcoin (BTC), saying his personal advice is to not get involved.

The use cases for Bitcoin are “AML, fraud, sex trafficking and tax avoidance,” said Dimon, holding court Wednesday on CNBC from Davos. “I defend your right to do Bitcoin,” continued Dimon, who one month ago in Congressional testimony urged Senator Elizabeth Warren to “close it down.”

“I don’t want to tell you what to do,” added Dimon this morning. “My personal advice is don’t get involved.”

He also said the cryptocurrency is like a “pet rock” that “does nothing.”

Source: Bitcoin Bashed by JPMorgan CEO Jamie Dimon