In a recent interview with CNBC, Jamie Dimon, known for his criticism of Bitcoin, expressed concerns about the cryptocurrency’s association with illegal activities such as fraud and terrorism. Despite these worries, Dimon now appears to support individuals’ right to purchase Bitcoin.

While Dimon admitted that he personally may not invest in Bitcoin, he emphasized his defense of people’s freedom to choose to do so. This shift in stance comes after years of sustained criticism from Dimon towards Bitcoin.

This is not the first time Dimon has spoken about Bitcoin this year. In a previous statement in January, he mentioned that he would no longer discuss cryptocurrency, but his recent comments seem to contradict that decision.

In December 2023, Dimon made headlines by stating that he would shut down Bitcoin and other cryptocurrencies if he represented the American people. This statement came during a congressional hearing in response to concerns raised by Senator Elizabeth Warren about crypto regulation. However, data from Chainalysis clarified that less than 1% of crypto transactions are linked to illegal activities.

As of now, Bitcoin is trading at $72,110, showing a year-to-date increase of over 70% according to Yahoo Finance data.

For more news and updates on cryptocurrencies, visit Global Crypto News.

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