Bitcoin does nothing, JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the World Economic Forum. “I call it the pet rock,” he added. Dimon is a long-time bitcoin critic. The bank chief said in 2021 at peak crypto valuations that bitcoin was “worthless,” and he doubled down on that sentiment last year in Davos when he told CNBC that the digital currency was a “hyped-up fraud.” Bitcoin is trading just above $42,700, up more than 100% in the last year. “This is the last time I’m talking about this with CNBC, so help me god,” Dimon said. “Blockchain is real. It’s a technology. We use it. It’s going to ... (full story)