Former US President Donald Trump has revealed that JPMorgan CEO Jamie Dimon, a known skeptic of Bitcoin and cryptocurrencies, has apparently “changed his mind” and has a chance of winning the job of Treasury Secretary in a scenario where the former president wins a seat in the Oval Office again.
Trump’s comments come after Treasury Secretary Janet Yellen expressed concerns about the future of the U.S. dollar, pointing to the changing landscape of the cryptocurrency industry and the role it could play in the U.S. economy.
Dimon’s Cryptocurrency Stance Changes in Meeting with Donald Trump
According to In an interview with Forbes, during a private meeting with Dimon and about 80 other business executives, including the CEOs of Citigroup, Bank of America and Apple, Trump described the meeting as a “love fest.”
Dimon, who has previously criticized Bitcoin as a “fraud” and a “Ponzi scheme,” has remained steadfast in his skepticism despite growing interest in the technology on Wall Street, even calling Bitcoin a “waste of time” and a “pet rock” with no real value.
However, Trump’s openness to considering Dimon for U.S. Treasury Secretary if he returns to the White House in November is indicative of both Trump’s and Dimon’s changing attitudes toward cryptocurrencies and related technology, as well as the potential benefits the industry could bring to the nation’s finances.
“Crypto President”
Donald Trump’s growing involvement in the crypto space has introduced him to industry leaders and influencers, prompting him to express his admiration for those involved. Trump is also set to be a keynote speaker at Bailey’s upcoming Bitcoin 2024 conference in Nashville.
At a Silicon Valley fundraiser, Trump declared himself the “president of cryptocurrency” and hinted at releasing another collection of non-fungible tokens (NFTs) following the success of his NFT featuring mugshots of police officers.
Trump also called on crypto companies to establish their presence in the United States, rather than in China or other countries. Donald Trump has made it clear that he believes that keeping Bitcoin mining and development in the U.S. will contribute to the country’s energy dominance.
At the time of writing, Bitcoin is priced at $64,640.
Featured image from Business Insider, chart from TradingView.com
