Former US President Donald Trump Praises Jamie Dimon’s Changing Stance on Bitcoin and Crypto

Former US president and Republican presidential candidate Donald Trump has revealed that JP Morgan chairman and CEO Jamie Dimon has softened his stance on Bitcoin and cryptocurrency, leading Trump to consider appointing him as Secretary of the Treasury.

In an interview with Bloomberg, Trump shared that Dimon, who has been a long-standing critic of Bitcoin, has recently changed his tune towards the digital assets. Trump expressed his admiration for Dimon and mentioned that the JPMorgan CEO was in attendance at a meeting with other top US executives, where he showed a lot of respect for Dimon.

This is not the first time Dimon has been considered for the role of Secretary of the Treasury. In 2016, Trump’s transition team reportedly offered Dimon the position, but he declined. However, in December 2023, there were reports suggesting Dimon could potentially head the Treasury under Trump’s administration.

Dimon’s evolving stance on Bitcoin and crypto has been notable. Despite previously calling Bitcoin a “fraud” and criticizing crypto as a Ponzi scheme, Dimon has shown a willingness to defend the right to buy and hold Bitcoin. He has also been a strong advocate for blockchain technology, with JP Morgan actively exploring and implementing blockchain-based products like the Liink network and JPM Coin.

Trump’s consideration of Dimon for the role of Secretary of the Treasury reflects a shifting landscape in the traditional financial sector towards embracing digital assets and blockchain technology. It remains to be seen if Dimon will indeed take on the position under a potential Trump administration.