JPMorgan Chase & Co CEO Jamie Dimon, at the Australian Financial Review business summit, defended individuals' rights to invest in Bitcoin while expressing skepticism about its regulatory future and the current bullish market trend. He compared investing in Bitcoin to smoking cigarettes, highlighting the importance of personal freedom despite his reservations. Dimon also speculated on the timing of a potential rate cut by the U.S. Federal Reserve, suggesting a cautious approach and a delay in the rate cut cycle to later in the year, emphasizing the need for a data-driven approach to monetary policy.