Jamie Dimon says bitcoin is 'a little bit of fool's gold.' (via CNBCMakeIt)
Dimon also said bitcoin should be regulated by the government. "They have to," he told VandeHei. "You can't regulate everything a bank does in terms of moving money and not regulate what you would call money," like cryptocurrency.
"You can call it a security or an asset or something like that, but if people are using it for tax avoidance and sex trafficking and ransomware, it's going to be regulated, whether you like it or not," Dimon said. Recently, the U.S. government has had a heightened focus on regulating cryptocurrency markets. In September, the Biden administration announced plans to prepare actions and sanctions against infrastructure that facilitates cryptocurrency ransomware attacks,