BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Donald Trump Reveals JPMorgan’s Jamie Dimon Has Flipped His Opinion on Bitcoin

Michael Juanico by Michael Juanico
July 17, 2024
in CRYPTO, FEATURED, OPINION
Reading Time: 3 mins read
4
SHARES
59
VIEWS
Share on XShare in TelegramShare on Reddit
  • • Donald Trump revealed that JPMorgan CEO Jamie Dimon, a longtime bitcoin and crypto critic, has “all of a sudden changed his tune” on cryptocurrencies.
  • • Trump met with Dimon and around 80 other business executives recently, describing it as a “lovefest,” and did not rule out considering Dimon for Treasury Secretary if he returns to the White House.
  • • Trump has embraced bitcoin and crypto in recent months, accepting campaign donations in cryptocurrencies, planning to release another NFT collection, and stating he wants the remaining bitcoin to be mined in the U.S. rather than China.

Former president Donald Trump recently revealed that JPMorgan CEO Jamie Dimon has changed his negative stance on bitcoin and cryptocurrencies. This comes as the crypto market sees a resurgence after a turbulent year.

JUST IN: 🇺🇸 Donald Trump states JPMorgan's Jamie Dimon has "changed his tune" on #Bitcoin

— BlockNews.com (@blocknewsdotcom) July 17, 2024

Dimon’s Previous Criticisms

Dimon has long been an outspoken critic of cryptocurrencies, once calling bitcoin a “fraud” and saying he would ban it if he was in government. He also called it a “waste of time” and compared it to a “pet rock.”

Dimon’s Change in Stance

However, Trump says Dimon has now changed his tune “a little bit.” While JPMorgan declined to comment, the bank has been actively developing blockchain solutions under Dimon’s leadership. This includes their own cryptocurrency JPM Coin.

Trump Embraces Crypto

Meanwhile, Trump himself has embraced cryptocurrencies and even profited from selling NFTs. He plans to release another NFT collection due to popular demand. Trump also wants to encourage crypto companies to operate in the US rather than China.

The former president predicts China will eventually relax its crypto restrictions as adoption grows worldwide. His running mate, JD Vance, is also pro-bitcoin.

The Future of Crypto Regulation

With shifting attitudes among major political and business leaders, the regulatory environment for cryptocurrencies remains uncertain. The Biden administration has taken a tougher stance, while Republicans appear more open to the technology. Much may depend on the outcome of the 2024 election.

For now, the crypto market continues to mature. With Wall Street finally embracing bitcoin, the long-term growth prospects look bright. However, expect more volatility along the way as the technology evolves.

Conclusion

Major players like Trump and Dimon illustrate the changing opinions around cryptocurrencies. While skepticism persists in some circles, crypto is gaining more mainstream acceptance. With thoughtful regulations, cryptocurrencies could transform finance and empower individuals. But reckless policies could stunt innovation. The coming years will prove decisive.

Tags: BitcoinDonald TrumpJamie DimonJPM CoinJPMorgan
Tweet1ShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University. He has been a Content Writer since 2019, covering a wide range of topics. His interest in crypto began in 2021, eventually becoming his main focus. For almost four years, he has worked with Aiur Labs and holds BTC, TRON, and a few memecoins.

DON'T MISS THESE! HOT OFF THE PRESS

Pi Network Hackathon Winner Sparks Coinbase Listing Buzz as Open-Source Transition Hits 90%
CRYPTO

Pi Network Hackathon Winner Sparks Coinbase Listing Buzz as Open-Source Transition Hits 90%

August 27, 2025
Four Whales Pocket $47.5M in XPL’s 200% Hyperliquid Rally as Manipulation Allegations Mount
CRYPTO

Four Whales Pocket $47.5M in XPL’s 200% Hyperliquid Rally as Manipulation Allegations Mount

August 27, 2025
Tom Lee Predicts Ethereum Surge to $5,500 as ETFs, Whales, and Institutions Fuel Demand
CRYPTO

Tom Lee Predicts Ethereum Surge to $5,500 as ETFs, Whales, and Institutions Fuel Demand

August 27, 2025
Ripple and Circle Back Tazapay’s $10B Network to Drive Stablecoin Payments Global
CRYPTO

Ripple and Circle Back Tazapay’s $10B Network to Drive Stablecoin Payments Global

August 27, 2025
Shiba Inu Poised for Explosive Breakout as Analysts Eye 619% Surge Toward New All-Time High
CRYPTO

Shiba Inu Poised for Explosive Breakout as Analysts Eye 619% Surge Toward New All-Time High

August 27, 2025
Dogecoin (DOGE) Whales Sell Off as Price Faces Bearish Signals and 45% Drop Risk
CRYPTO

Dogecoin (DOGE) Whales Sell Off as Price Faces Bearish Signals and 45% Drop Risk

August 27, 2025
Load More

Related News

Pi Network Hackathon Winner Sparks Coinbase Listing Buzz as Open-Source Transition Hits 90%

Pi Network Hackathon Winner Sparks Coinbase Listing Buzz as Open-Source Transition Hits 90%

August 27, 2025
Four Whales Pocket $47.5M in XPL’s 200% Hyperliquid Rally as Manipulation Allegations Mount

Four Whales Pocket $47.5M in XPL’s 200% Hyperliquid Rally as Manipulation Allegations Mount

August 27, 2025
Tom Lee Predicts Ethereum Surge to $5,500 as ETFs, Whales, and Institutions Fuel Demand

Tom Lee Predicts Ethereum Surge to $5,500 as ETFs, Whales, and Institutions Fuel Demand

August 27, 2025
Ripple and Circle Back Tazapay’s $10B Network to Drive Stablecoin Payments Global

Ripple and Circle Back Tazapay’s $10B Network to Drive Stablecoin Payments Global

August 27, 2025
Shiba Inu Poised for Explosive Breakout as Analysts Eye 619% Surge Toward New All-Time High

Shiba Inu Poised for Explosive Breakout as Analysts Eye 619% Surge Toward New All-Time High

August 27, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews