The CEO of JPMorgan Chase bank, Jamie Dimon, says “it will end badly” for cryptocurrencies. He thinks that currencies will eventually end up on the black market after having been made illegal.
He told CNBC:
“Right now these crypto things are kind of a novelty. People think they’re kind of neat. But the bigger they get, the more governments are going to close them down.”
He also said governments could issue digital currencies, though they wouldn’t exactly be cryptocurrencies. A company called Blockswater in Switizerland has made a market complaint featuring Bannon for previous remarks.