JPMorgan Chase CEO Jamie Dimon warned cryptocurrency investors to prepare for a "worst-case scenario." Dimon said the global economy is in recession and cryptocurrencies could be significantly affected. Yes, Jamie Dimon, CEO of JPMorgan Chase, told the Times of India on September 29, 2023 that he is not sure the world is ready for an interest rate hike to 7%. Dimon said an interest rate hike to 7% would be "a big shock" to the global economy. He said it could lead to a recession and rising unemployment. "I'm not sure the world is ready for 7% [interest rates]," Dimon said. "It would be a huge shock." Dimon's remarks come at a time when the U.S. Federal Reserve is raising interest rates to combat inflation. The Fed has raised interest rates by 0.75 percentage points in two consecutive meetings, and is expected to keep raising rates in the coming months. "If the economy gets really bad, things that are speculative will be affected," Dimon said. "And cryptocurrencies are very speculative." Dimon has long been a critic of cryptocurrencies. In 2017, he called bitcoin a "fraud." In 2022, he said cryptocurrencies are "insane." Some analysts believe the cryptocurrency market could continue to fall. Others believe the market is oversold and could recover in the future. And what do you think about what will happen to cryptocurrencies and interest rates?