Jamie Dimon Regrets Calling Bitcoin a Fraud

Jamie Dimon Regrets Calling Bitcoin a Fraud

JPMorgan Chase chief executive Officer, Jamie Dimon, now reportedly regrets calling bitcoin a fraud, although he’s nonetheless not an enthuziast of the digital currency.

Jamie Dimon stated:

“The bitcoin to me become constantly what the governments are gonna feel about bitcoin because it receives actually huge, and I have a special opinion than a lot of people. I am not involved that much within the subject at all.”

Jamie Dimon

Jamie Dimon made the fraud comment on September 12 of remaining 12 months, adding that he might fire any dealer known to be buying and selling the digital currency. Providing a critique of Dimon’s opinion at the time, a senior analyst for Macquarie group driven back towards a number of the criticism in opposition to bitcoin coming from Wall Street.

Viktor Shvets, head of global and Asia-Pacific equity strategy for Macquarie, wrote in September that during spite of any excessive speculation, bitcoin is based on a durable technology this is probably to keep to conform and strengthen.


In October, Jamie Dimon noted that was done speaking about bitcoin following his controversial remark. However, after Dimon opined that bitcoin consumers will pay the price if they’re stupid enough to shop for it. Even as Dimon remains not interested by the concern of bitcoin, he had praise for blockchain.

Jamie Dimon stated:

“The blockchain is real. You may have digital yen and dollars and stuff like that. ICO’s you need to look at personally.”

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