London Daily

Focus on the big picture.
Tuesday, Oct 07, 2025

JP Morgan CEO, Jamie Dimon: Crypto Market Cap Going To $5 Trillion

JP Morgan CEO, Jamie Dimon: Crypto Market Cap Going To $5 Trillion

Jamie Dimon, the CEO of U.S investment bank JP Morgan, sparked the moods of crypto investors following his assessment that crypto markets could hit a $5 trillion valuation. At the moment, the total market cap of all cryptocurrencies sits at $1.6 trillion.

Dimon said at Investment Company Institute (ICI) annual meeting that more government oversight is needed before crypto gets too big. Although this comment is anti-crypto at face value, the spin side implies that Dimon thinks crypto could get much bigger from here onwards.

ICI is a global trade association for regulated funds, including mutual funds and exchange-traded funds. It seeks to advance the interest of mutual funds and their stakeholders and promote public understanding of the industry.

Crypto Markets Bounce Bringing Relief

A painful period saw the total crypto market cap halve from pre-crash levels to its lowest point on Sunday.

The move was driven by several FUD reports regarding U.S regulatory concerns, China banning Bitcoin (once again), and Elon Musk dropping nuclear tweets on the leading crypto.

This triggered a devastating period for crypto investors as support after support failed to hold, leading to widespread fear, uncertainty and doubt (FUD). Talks of markets returning to bear now dominates conversions.

However, the working week opened with a strong bounce. Bitcoin is currently up 10% at the time of writing, with MKR up 66% and MATIC up 60% in the last 24-hours.

It’s too soon to say a recovery is underway. But today’s buoyant price action has given crypto markets a much-needed boost after the horrors of the past few days. At the same time, Dimon’s expectation for a $5 trillion market cap comes at a time when sentiment is low.

Dimon Sees a $5 Trillion Valuation Coming

Dimon once famously called Bitcoin a fraud that’s worse than tulip bulbs. Suffice to say, Dimon isn’t a fan of crypto, which is a position he maintains to this day.

The JP Morgan boss said legal, regulatory, and tax oversight is lacking in cryptocurrency at the ICI annual meeting.

“I’m not a fan of Bitcoin. But forget whether I am or not. There should be legal, regulatory, tax, related framework, AML, around crypto. It’s now worth $2 trillion. When are they going to say, “Oh my God, this is worthy of our attention.”

Addressing the authorities directly, Dimon paints a picture of spiking valuation and mass adoption in the future. Saying, an “uproar” will happen if regulators don’t step in soon to deal with the accompanying criminality that comes during booming crypto markets.

“If I were them, I’d be paying attention because when it’s three trillion, four trillion, and five trillion, when grandma starts buying it, and people start being ripped off and ransomware is going into one hundred cities, not thirty, I think you’re going to have an uproar about what was allowed to happen.”

Debate continues whether we’ve already hit the peak of the bull. Dimon’s comments hint that he thinks there’s more to come.

Will it be this bull run or the next is the million-dollar question.

Source: JP Morgan CEO, Jamie Dimon: Crypto Market Cap Going To $5 Trillion – Fintechs.fi

Newsletter

Related Articles

0:00
0:00
Close
France: Less Than a Month After His Appointment, the New French Prime Minister Resigns
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Sarah Mullally Becomes First Woman Appointed Archbishop of Canterbury
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
US Prosecutors Gained Legal Approval to Hack Telegram Servers
Macron Faces Intensifying Pressure to Resign or Trigger New Elections Amid France’s Political Turmoil
Standard Chartered Names Roberto Hoornweg as Sole Head of Corporate & Investment Banking
UK Asylum Housing Firm Faces Backlash Over £187 Million Profits and Poor Living Conditions
UK Police Crack Major Gang in Smuggling of up to 40,000 Stolen Phones to China
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Trump Proposes Farm Bailout from Tariff Revenues Amid Backlash from Other Industries
FIFA Accuses Malaysia of Forging Citizenship Documents, Suspends Seven Footballers
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Australia Orders X to Block Murder Videos, Citing Online Safety and Public Exposure
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
OpenAI and AMD Forge Landmark AI-Chip Alliance with Equity Option
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
×