CEO JP Morgan Chase Acknowledges Misrepresentation Bitcoin as a Fraud
![image](https://steemitimages.com/640x0/https://img.esteem.ws/xa1s15gbu2.jpg)
JPMorgan Chase CEO and Chairman Jamie Dimon admitted to having made a misconception about bitcoin last year. At that time, he called bitcoin is fraud aka fraud.
In a recent interview with Fox Business, he corrected the statement. This time, he admitted the blockchain trend really happened.
According to him, everyone can actually have cryptocurrency in the form of a yen or a dollar,in this case, he suggested to discuss the matter of ICO or initial coin offerings, differently. For information, ICO is a controversial way that cryptocurrency companies do to raise funds.
![image](https://steemitimages.com/640x0/https://img.esteem.ws/supcwq8t5w.jpg)
To me, bitcoin is the same as the government thinks, that it will continue to be great.
he claimed not to have plans to jump directly into the realm of blockchain. Dimon felt he had no interest in developing a business in bitcoin.