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Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120bTc.COM) News: JPMorgan Chase CEO Jamie Dimon accepted an exclusive interview with CNBC and once again severely criticized Bitcoin.

 Jamie Dimon: This is the last time I talk about Bitcoin, blockchain is the real application

Jamie
In a CNBC interview, Dimon mentioned different topics such as the global economy, the U.S.-Mexico border, and the U.S. president. When the topic turned to Bitcoin, he was disgusted but said with a smile: God help me, this is my last Discussed this issue once on CNBC.

He emphasized that blockchain is a real technology that can transfer funds and data very efficiently, but it is still very niche even though it has been around for 12 years.

 Bitcoin is a pet rock

There are two types of cryptocurrencies he knows. One is the introduction of smart contracts, through which people can buy and sell real estate, or the application of tokenized assets.

Another one, such as Bitcoin, is useless and he calls it a Pet Rock.

Jamie Dimon satirized that Bitcoin does have practical applications: money laundering, fraud, tax evasion, and sex trafficking. These are all practical applications of Bitcoin. There may be hundreds of billions of dollars in transactions in Bitcoin.

Note: Pet Rock is a brand created by American advertising businessman Gary in 1975
Toys launched by Dahl. It is an ordinary gray pebble packaged in a beautiful box, with instructions inside to guide the owner on how to care for it. At that time, there was a craze for keeping stones, and owning a pet stone became a trend indicator.

 Jamie Dimon: Use Bitcoin as you like, I suggest not

Jamie Dimon continued: I defend your right to use Bitcoin, but I don’t want to tell you what to do. This is a free country and my personal advice is not to get involved.

 Satoshi Nakamoto will change the total amount of Bitcoin

Jamie Dimon also ended up having a slight dispute with CNBC host Joe Kernen.

Joe Kernen believes that gold has no practical application, but it has a general consensus on its value.

But Jamie Dimon countered that the total amount of gold is limited, but Bitcoin is not: When Bitcoin really reaches 21 million, Satoshi Nakamoto will show up, laughing hysterically, and everyone will be quiet.

Joe Kernen still emphasized that the characteristics of gold are also reflected in Bitcoin, and the total number of Bitcoins is indeed fixed. The halving of block rewards and the increase in mining difficulty as computing power increases have all been written into the code.

There are still more than a hundred years (2140) before all Bitcoins are issued, and Satoshi Nakamoto would not have lived that long if he were still alive, Jamie
Dimon’s speech and his pronunciation of Satoshi Nakamoto as “Satashi” were ridiculed by the crypto community.