JPMorgan CEO: It's the blockchain that's interesting, not Bitcoin

ChainCatcher news, JPMorgan CEO stated in a CNBC interview that Bitcoin is not interesting, while blockchain technology is interesting. They believe it is necessary to distinguish between useful cryptocurrencies for smart contracts and other useless cryptocurrencies. According to Jamie Dimon, Bitcoin falls into the latter category, meaning it has no utility.

Dimon stated that the only real use of Bitcoin is as a currency for illegal activities or transactions, but at the same time, he also mentioned that he does not wish for or request a ban on the use of Bitcoin, but merely suggests not using Bitcoin.