Bitcoin ‘has no intrinsic value’ – JPMorgan boss

The cryptocurrency is “heavily” used for unlawful activities, Jamie Dimon has claimed

JPMorgan Chase CEO Jamie Dimon has argued that Bitcoin lacks intrinsic value and is widely used for illicit activities, adding that he does not “feel great” about the leading cryptocurrency. 

Dimon, a longstanding critic of crypto, compared investing in Bitcoin to smoking, saying that while individuals have the right to do so, it is not advisable.