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Fortune

Chloe Taylor

Crypto is as useful as a ‘pet rock,’ according to JPMorgan's Jamie Dimon

Jamie Dimon JPMorgan Crypto Bitcoin United States

Jamie Dimon pictured during a Bloomberg Television interview in London, U.K., on Wednesday, May 4, 2022. (Credit: Chris Ratcliffe—Bloomberg/Getty Images)

Long time cryptocurrency skeptic Jamie Dimon, CEO of banking giant JPMorgan, has doubled down on his dislike of decentralized digital assets and likened crypto to useless “pet rocks.”

In an interview with CNBC’s “Squawk Box” show on Tuesday, Dimon referred to crypto as “a complete sideshow” and said the broadcaster spends “too much time [focusing] on it.”

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