I think it's dangerous to come out vehemently against something that you don't fully understand, especially so publicly as Dimon did. All it can do is come back later and embarrass you in equal measure.

I believe that a lot of the people in the traditional financial industry are legitimately smart people, but they are out of their depth when it comes to cryptocurrency. Well, with the exception of some huge investment companies like Goldman Sachs whose only goal is to manipulate markets by bashing them, so they can cash in on the fallout.