JP Morgan CEO Jamie Dimon Didn't heat up to Bitcoin despite the fact that the cryptocurrency is seeing broader institutional acceptance.

During a recent interview with CBS, the influential banker said he doesn't feel "good" about Bitcoin, insisting that the cryptocurrency actually has no intrinsic value.

Furthermore, he stated that Bitcoin is heavily used in money laundering and other criminal activities.

The prominent banker is a long-time Bitcoin critic who remains skeptical of Bitcoin despite its broader institutionalization. In 2017, Dimon said he would fire any JPMorgan trader who touched bitcoin, calling the cryptocurrency a "scam." He said last year that his personal advice was Not getting involved in Bitcoin.

Once again, Dimon compared Bitcoin to smoking: while he believes people should have the ability to buy it, he does not view this as a wise decision.

Although Dimon's personal bank JPMorgan launched an internal Bitcoin fund in 2021. Last year, the bank also disclosed a small exposure to Bitcoin ETFs.

It seems unlikely that Dimon will embrace cryptocurrencies as CEO of JP Morgan.

The 68-year-old billionaire, who has been at the helm of the largest US bank for nearly two decades, also hinted at his plans to retire during the interview. Dimon said he is likely to remain chairman of the bank after leaving his position as CEO.

At the moment, it is not clear who will lead JPMorgan after Dimon's departure.