Jamie Dimon Regrets Calling Bitcoin a Fraud!
Finally, during an interview on FOX Business Network, he admited that he does not understand Blockchain and the Crypto World.
As we say: "Better late than never"
Main points
J.P. Morgan Chase CEO said he regrets calling bitcoin a fraud.
"The blockchain is real," Dimon tells Fox Business.
Dimon remains concerned about how "governments are going to feel about bitcoin when it gets really big."
Initial coin offerings need to be reviewed “individually”
We should soon hear some Crypto Trading Activities being implemented in JP Morgan.
Nevertheless, do not bet more than you can afford my friends because the technology is there to stay but there will be frauds and losses along the way.
Sources:
- https://www.ft.com/content/e04e359a-e9e9-3f8e-8e2f-3f4373e5efb0
- https://www.cnbc.com/2018/01/09/jamie-dimon-says-he-regrets-calling-bitcoin-a-fraud.html
Everyone will realize it sooner or later
If I could buy this IRL I would, would be awesome to show my grankids one day! "I bought this coin before the central banks collapsed" lol
@vlemon when JD initially made the comment the price dropped and surged to hit all time high. I hope with his acknowledgment now we can get the bulls back in the driving seat :) fingers crossed!
I would have thought so but it does not seem to have a big impact on BTC Price...
Its easy to scream "SCAM" when something goes absolutely mad, for all we know maybe he was just doing this for publicity. Either way this didn't go the way he wanted and he had to save face by admitting he was wrong.
Or they (JPM) were buying while he was talking the market down...
Amen to your comment ! Take care @zacharylutes
I wonder if JP Morgan was forced into admission, seeing as how we all knew they were bulk buying.
shame on you
Bankers will always follow the money no matter where it goes.
Maybe he saw that Goldman Sachs are getting involved, they are setting up a crypto exchange desk this June.
How joyful
Admitting you're wrong or "don't know" is the first step to learning. So at least he has that going for him.