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CEO of JPMorgan Chase Changed His Mind About Bitcoin

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CEO of JPMorgan Chase Changed His Mind About Bitcoin

JPMorgan Chase Chairman & CEO Jamie Dimon said Tuesday he regrets past comments in which he called Bitcoin a fraud at a September banking conference.

Speaking with FOX Business Jamie Dimon said

 “The blockchain is real. You can have crypto yen and dollars and stuff like that. ICO’s you have to look at individually”, Dimon said in an exclusive interview with FOX Business’ Maria Bartiromo. “The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.”

Back in September 2017, Jamie Dimon, speaking at the Barclays financial conference in New York, was very aggressive towards Bitcoin and bank workers who are interested in cryptocurrency trades. At the time, Dimon said that he would fire JPMorgan traders if they traded in the crypto-currency. Moreover, he added that cryptocurrencies are primarily used by people from “Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than US dollars.”

His statement made the cryptocurrency market react immediately with a major bitcoin price fall of almost 5.6%.

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1 Comment

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