JPMorgan CEO Jamie Dimon Bitcoin Fool’s Gold

JPMorgan CEO Jamie Dimon reiterated past skepticism of bitcoin in a recent interview with Axios. When asked if Bitcoin was the fool’s gold of the future, Dimon responded it has no underlying value.

Dimon fails to see Bitcoin’s true value because of his financial privileges, which blind him to the realities of billions that live outside of his utopia bubble.

He doesn’t have to worry about his savings being cut in half overnight nor endure constant periods of hyperinflation that erode purchasing power. He also doesn’t know what it is like to not have access to the banking system and is accustomed to a high degree of freedom, which many people lack.