Jamie Dimon, CEO of JPMorgan Chase, and one of the most outspoken critics of Bitcoin, has announced that he will no longer make public remarks about the leading cryptocurrency. This decision follows reports that Dimon received death threats after his recent comments reignited controversy across the crypto community.

Dimon’s anti-Bitcoin sentiment dates back to 2017, when he infamously stated that he would fire any employee caught trading Bitcoin. In 2021, he went further, calling the cryptocurrency “worthless.” His position remained consistent; just last year, he labeled Bitcoin a “Ponzi scheme.” Despite his harsh criticism, Dimon’s remarks have routinely dominated financial headlines, influencing both Wall Street and crypto market sentiment.

While dismissive of Bitcoin itself, the 69-year-old executive maintains a more favorable view of blockchain technology, the decentralized framework that underpins cryptocurrencies. Dimon believes blockchain could streamline financial operations by replacing outdated systems, though he admits it’s not a universal solution. He has also pointed out the coordination challenges within decentralized, permissionless blockchains, where establishing common rules among participants remains complex.

Under Dimon’s leadership, JPMorgan has pursued significant blockchain ventures. The bank developed Quorum, a permissioned Ethereum fork designed for financial institutions, before selling it to developer Consensys in 2020. In 2019, JPMorgan launched JPM Coin, used for instant institutional payments, and later introduced a dedicated blockchain division called Onyx. Continuing its expansion, the bank reportedly plans to enter the stablecoin market in 2025, following the filing of a trademark for a “JPMD” token in June, according to U.Today.