JPMorgan Chase CEO: Supports the Federal Reserve’s interest rate cut later this year and will defend people’s right to buy Bitcoin

Jamie Dimon, CEO of JPMorgan, said at the Australian Financial Review Business Summit in Sydney, "I defend people's right to smoke, and I will also defend people's right to buy Bitcoin, but I myself will not buy Bitcoin." When talking about interest rate cuts, Jamie Dimon said he supported the Fed waiting until later this year to implement a rate cut cycle. "The Fed's credibility is under threat, and I believe that the rate cut will come after June. Any decision should be based on data, and inflation may be more sticky than expected, and interest rates may remain high for a longer period of time."