Today, January 9, JPMorgan Chase CEO Jamie Dimon spoke pessimistically of the viability of the decentralized cryptocurrency, predicting that all digital currencies will eventually fiat, or controlled by the government. Dimon made the comments today at the JPMorgan Health Conference in San Francisco.

Answering questions at the conference, Dimon focused on the implausibility that any cryptocurrency would ever reach conventional adoption, predicting that global governments would not allow it.

Instead, said Dimon, the only digital currencies that will see current adoption and use as currency will be government-backed measures, or currencies, as a digital dollar.

When asked how he perceives the underground economy of decentralized cryptocurrency in the long run, Dimon declares pessimism:

"That will not happen, you waste your time, this is my personal opinion, there will be no uncontrolled real money in the world, no government will tolerate it long. "

The argument of Dimon is that Blockchain technology will be used and developed, but the decentralized nature of cryptocurrencies will not last, adding:

"Technology [Blockchain] will be used. It can be used to carry currencies, but it will be American dollars. Virtual currency where we call a Bitcoin as opposed to a dollar [will be stopped].

In September 2017, at a banking conference, Dimon called Bitcoin "fraud" and declared that he would fire any employee of JPMorgan. who traded Bitcoin on company accounts, partly to be "stupid".

Today Dimon told Fox Business in an exclusive interview that he regrets making comments in September, but "does not care much about all of them."

In 2017, several governments around the world announced that they were planning to establish a national digital currency. Others, like Venezuela, have already done so.