re: Why is Bitcoin soaring?

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Can you post his actual comments?

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Bitcoin does nothing, JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the World Economic Forum.

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“I call it the pet rock,” Dimon said.

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The bank chief said in 2021 at peak crypto valuations that bitcoin was “worthless,” and he doubled down on that sentiment last year in Davos when he told CNBC that the digital currency was a “hyped-up fraud.”

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he added that there were real use cases for the virtual coin, which included upward of $100 billion a year caught up in fraud, tax avoidance and sex trafficking. “I defend your right to do bitcoin,” Dimon added, saying, “I don’t want to tell you what to do. So my personal advice would be don’t get involved. … But it’s a free country.”

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Dimon added. “But you know this is what makes a market. People have opinions, and this is the last time I’m ever going to state my opinion.”

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