During a joint interview on CNBC’s Squawk Box, J.P. Morgan CEO Jamie Dimon and Berkshire Hathaway CEO Warren Buffett voiced wary about Bitcoin.
The two of Wall Street’s highest-profile figures, Warren Buffett and Jamie Dimon penned a joint editorial on Wednesday. Seemingly, the two billionaires have been spending time together this week.
Recently in a joint interview on CNBC, both Jamie Dimon and Warren Buffet were widely popularized by their criticisms of bitcoin. The host of CNBC questions them: “You both have said some pretty nasty things about bitcoin recently”, “Which one of you hates bitcoin more?”.
At first, Warren Buffet responds that, “I set a high standard”. This isn’t the first that business tycoon has delivered withering criticisms. Earlier he had named a bitcoin, “real bubble”, a “bad ending”, bitcoin is similar to “gambling”. Recently, in the month of May, he called bitcoin “rat poison squared”.
Buffet add on his statement, stating that,
“I don’t know whether Jamie can top me or not”.
Further, in response to Buffets statement, Jamie Dimon was more precise than his own previous critiques,. He said,
“I don’t want to be a bitcoin spokesman, you know. Just beware”.
Jamie Dimon has always been a opponent bitcoin, in 2015 he known for calling bitcoin “a waste of time”. Dimon disgracefully labeled a bitcoin a ‘a fraud’ in September 2017.
Simultaneously, the annual report of JP Morgan with SEC in 2017, revealed that the bank was accepting disruptive cryptocurrencies like bitcoin as threat to his business.
Dimon stated publicly;
“I’d fire them in a second. For two reasons. It’s against our rules and they’re stupid. And both are dangerous”.
Since, mid December bitcoin has lost its high value of reaching $20,000. At the press time, Bitcoin was trading at 7637.32 USD.