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The JP Morgan CEO thinks Libra will never happen

Jamie Dimon the CEO of the massive investment bank JP Morgan. He previously has some controversial words about Bitcoin and now he has commented on Libra.

At a conference in Washington he said “It was a neat idea that’ll never happen,”

So no so bullish on the idea then. He has reason to trash the idea as his bank are looking to launch  JPM Coin.

In a brief but scathing interview he finished off by saying:

“We already have stablecoins, they’re not the first to do it,” Dimon said. “I’ve got nothing else to say about it.”

 

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