- July 17, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Former US President Donald Trump has revealed that JPMorgan CEO Jamie Dimon, a well-known skeptic of Bitcoin and cryptocurrencies, has apparently “changed his tune,” with the potential to win the role of Treasury Secretary in the scenario where the former president once again wins the seat in the Oval Office.
Trump’s comments come as Treasury Secretary Janet Yellen has expressed concerns about the future of the US dollar, signaling a changing landscape for the cryptocurrency industry and the role it can play in the US economy.
Dimon’s Stance On Crypto Evolves In Donald Trump Meeting
According to Forbes, in a private meeting with Dimon and around 80 other business executives, including CEOs from Citigroup, Bank of America, and Apple, Trump described the gathering as a “lovefest.”
Dimon, who has previously criticized Bitcoin, calling it a “fraud” and a “Ponzi scheme,” has remained steadfast in his skepticism despite Wall Street’s growing interest in the technology. He has even referred to Bitcoin as a “waste of time” and a “pet rock” with no inherent value.
However, Trump’s openness to considering Dimon for the position of US Treasury Secretary if he returns to the White House in November highlights the evolving attitudes of both Trump and Dimon toward crypto and its technology, and the potential benefits the industry can play in the nation’s finances.
‘Crypto President’
Donald Trump’s growing involvement in the crypto space has introduced him to industry leaders and influencers, leading him to express admiration for the people involved. Trump is also scheduled to be the headline speaker at Bailey’s upcoming Bitcoin 2024 conference in Nashville.
During a Silicon Valley fundraiser, Trump declared himself the “crypto president” and hinted at releasing another non-fungible token (NFT) collection following the success of his mugshot NFTs.
Trump has also called for crypto companies to establish a presence in the United States rather than in China or other countries. Donald Trump has made it clear that he believes that keeping Bitcoin mining and development in the US will contribute to the nation’s energy dominance.
At the time of writing, Bitcoin trades at $64,640.
Featured image from Business Insider, chart from TradingView.com
