09 Jan '18, 1pm

JP Morgan’s Dimon backsteps; regrets calling #bitcoin a fraud -

JP Morgan’s Dimon backsteps; regrets calling #bitcoin a fraud -

© Reuters. Jamie Dimon admits he "regrets" comments calling bitcoin a fraud Investing.com - Almost four months after calling bitcoin a “fraud”, JP Morgan chief executive Jamie Dimon backstepped on Tuesday and admitted “regretting” that call. At a banking conference in September , Dimon condemned the cryptocurrency, calling it a “fraud” and something that murderers and drug dealers would use. “If we had a trader who traded bitcoin I’d fire him in a second for two reasons,” he stated at the conference in New York. “One, it’s against our rules. Two, it’s stupid,” he proclaimed. “It’s a fraud and honestly I’m just shocked anyone can’t see it for what it is,” Dimon added. However, Dimon appeared to soften his attack in an interview with FOX Business when referencing those earlier comments. “I regret making them,” he admitted. Dimon did say that he was “not interested in the sub...

Full article: https://www.investing.com/news/cryptocurrency-news/jp-mor...

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Less than four months after Jamie Dimon lashed out at bitcoin , warning that it was would "eventually blow up" because it ...

via @WSJ

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Chairman and CEO is softening his stance on bitcoin. In an interview with Fox Business on Tuesday morning, Mr. Dimon said ...

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