Crypto Is a ‘Pet Rock’ and Bitcoin a ‘Hyped-Up Fraud,’ Says JPMorgan CEO Jamie Dimon

Longtime crypto skeptic JPMorgan chief executive Jamie Dimon thinks Bitcoin (BTC) is a ‘hyped-up fraud,’ comparing crypto to pet rocks. In a new interview with CNBC, Dimon says Bitcoin and other digital assets “don’t do anything.” Dimon, however, views the merits of blockchain technology differently than crypto assets. “That’s different.