JPMorgan CEO Regrets Calling Bitcoin a Fraud

10. January 2018.

Jamie Dimon is having second thoughts about wading into the bitcoin controversy.

The JPMorgan Chase & Co. chief executive, who earlier called the cryptocurrency a “fraud,” said Tuesday that he wishes he hadn’t dismissed the technology in such broad terms.

“I regret making” those comments, Dimon said in an interview with the Fox Business network. “The blockchain is real. You can have crypto yen and dollars and stuff like that.”

In September, Dimon said bitcoin was “worse than tulip bulbs” and threatened to fire any trader who bought or sold them for being “stupid.”

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