Mike Novogratz Calls Jamie Dimon's BTC Views Sophomoric

by in Cryptocurrency News

Mike Novogratz  Jamie Dimon

Investment banker, CEO of financial services company Galaxy Digital Michael Novogratz expressed his opinion about JPMorgan CEO Jamie Dimon's Bitcoin views. Dimon said recently he finds Bitcoin worthless but it's his personal opinion and has nothing to do with the fact that the bank's clients think differently.

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The executive said he doubts that Bitcoin's maximum supply is actually 21 M as not all people read algorithms and they can't be sure. Dimon himself is skeptical about the coin. On the other hand, JP Morgan was the first bank to offer wealth managers exposure to crypto funds.

Retweeting a post from reporter Brian Cheung about Dimon's skepticism towards crypto, Novogratz wrote he found that approach strange.

Along with mentioning the JPMorgan CEO's brilliant job of running a large bank like that, Novogratz says his statements around Bitcoin are sophomoric.

Coinbase Chief Executive Officer Brian Armstrong also referred to Dimon's words in a tweet saying he did read it and then wrote to make certain he understood the system.

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MicroStrategy CEO Michael Saylor tweeted the critical question is if banks and investors understand BTC.