Jamie Dimon states that he is finished discussing bitcoin: "I don't care."

• On Wednesday, Jamie Dimon, CEO of JPMorgan Chase, stated that Bitcoin has no value during a conversation on the sidelines of the World Economic Forum.
• “I call it the pet rock,” Dimon said.
• In 2021, the bank chief stated that bitcoin was "worthless" at its peak valuations, and he reiterated this sentiment in Davos in 2022, calling it a "hyped-up fraud."

On Wednesday, CEO Jamie Dimon of said that nothing is being done in DAVOS, Switzerland.

“I call it the pet rock,” he added.

Dimon has consistently criticized bitcoin, calling it "worthless" in 2021 and reiterating his stance in Davos, Switzerland in 2022, where he referred to it as a "hyped-up fraud."

In the past year, Bitcoin has experienced a significant increase of over 100%, currently trading at approximately $42,700.

This is the final time I'll discuss this topic with CNBC, so please assist me, God. Blockchain technology is real and efficient. It moves money and data. We've been discussing it for 12 years, yet it remains small.

Dimon remarked, "I believe we use an excessive amount of words on that."

The bank chief differentiated bitcoin from other cryptocurrencies that use smart contracts, which are self-executing programs written on a public blockchain, such as Ethereum, eliminating the need for a central intermediary.

Dimon stated that smart chain-enriched blockchains may have a cryptocurrency that can be used for buying and selling real estate and moving data through tokenization of things that are used for something.

Dimon stated that while there are legitimate uses for bitcoin, such as $100 billion annually in fraud, tax evasion, and sex trafficking, he personally advises against getting involved in it. He defends the right to use bitcoin but believes that individuals should make their own decisions.

Last week, the U.S. Securities and Exchange Commission approved the creation of bitcoin exchange-traded funds, solidifying its status as an asset class with a market cap of over $830 billion.

The $30 trillion advised wealth management industry could see a significant influx of funds as some of the biggest names in asset management, including Franklin Templeton and WisdomTree, have launched their own spot bitcoin ETFs. Analysts at Standard Chartered predict fund inflows in the range of $50 billion to $100 billion in 2024.

Dimon responded to the question about Fink's change in view on bitcoin and BlackRock's entry into the ETF market by saying, "I don't care, so please stop discussing this topic."

People have different opinions about blockchain versus currencies that do something versus bitcoin that does nothing, and this is what makes a market," Dimon stated. "However, I won't express my opinion on this matter again.