Bitcoin Naysayer Jamie Dimon of JP Morgan Chase “Regrets” His Past Comments

Blockchain, Investing, News, Regulation | January 9, 2018 By:

J.P. Morgan Chase Chairman and CEO Jamie Dimon, who once crashed the cryptocurrency markets with his negative views on digital currency, has found the new religion. Dimon now says he “regrets” calling bitcoin a fraud.

Speaking to Fox business, Dimon now says  “The blockchain is real. You can have cryptodollars in yen and stuff like that. ICOs … you got to look at every one individually. The bitcoin was always to me what the governments are going to feel about bitcoin when it gets really big. And I just have a different opinion than other people.”

J.P. Morgan Chase is creating a blockchain system called the Interbank Information Network. The network, with partners Royal Bank of Canada and Australia and New Zealand Banking Group, are seeking to reduce the number of parties needed to verify transactions and speed up transfer times.