Jamie Dimon Says He Regrets Calling Bitcoin A “Fraud”

By Steve Jurvetson [CC BY 2.0] via Wikimedia Commons

Jamie Dimon, the boss of JP Morgan Chase, has now said that he regrets calling bitcoin a “fraud.”

The infamous comments of Jamie Dimon regarding the cryptocurrency last September dented the value of bitcoin, though at the time it was just trading around $4,000. Today, a bitcoin was worth around $15,000.

The influential executive had also stated that he would fire an employee who he discovered to have traded in cryptocurrencies for being “stupid.”

However, today, Dimon distanced himself from those comments during an interview with Fox, television station in the United States, saying: “I regret making them.”

Dimon was also noted to have spoken highly of the blockchain, the technology that powers bitcoin.

“The blockchain is real. You can have crypto yen and dollars and stuff like that. ICOs [initial coin offerings] you have to look at individually,” said Dimon.

However, about bitcoin, Dimon stated: “I’m not interested that much in the subject at all.”