JP Morgon’s Jamie Dimon Regrets Bitcoin Fraud Remark
Created: Jan 10, 2018, 14:40 IST | Updated: Jan 10, 2018, 14:41 IST
![<span style="white-space: pre-wrap; background-color: rgb(255, 255, 255);"> JP Morgan CEO Jamie Dimon</span> - Sakshi Post](https://www.sakshipost.com/sites/default/files/styles/storypage_main/public/article_images/2018/01/10/JP_Morgon_Jamie_Dimon.jpg?itok=yQfCUVtJ "<span style="white-space: pre-wrap; background-color: rgb(255, 255, 255);"> JP Morgan CEO Jamie Dimon</span>")
<span style="white-space: pre-wrap; background-color: rgb(255, 255, 255);"> JP Morgan CEO Jamie Dimon</span>
New York: JP Morgan Chase CEO Jamie Dimon has softened his stance on bitcoin and regretted calling the digital currency a fraud. In an interview with Fox Business on Tuesday, Dimon said he regretted making his earlier comments on the cryptocurrency.
The head of the biggest US bank called bitcoin "a fraud" in September 2017 and said the digital currency "won't end well", Xinhua news agency reported. He also then said that he would not allow JP Morgan traders to trade bitcoin, noting that "it's against our rules and they are stupid".
Bitcoin was trading around $4,200 when Dimon made the comments. Since then, the price of the digital currency has skyrocketed. Bitcoin traded above $14,000 on Tuesday. Dimon said he personally was "not interested in the subject at all". But he said blockchain, the open-ledger technology that underpins bitcoins, was real. (IANS)
More from section
Advertisement
Top Stories
Walgo Infra CMD Sridhar Rao Gifts Mini Cooper to Son on Grand Birthday Celebration
Hyderabad businessman Sridhar Rao, Chairman and Managing Director of Walgo Infra, hosted an extravagant birthday bash for his seven-year-old son, Abisri, at their Jubilee Hills residence on Saturday, March 22, 2025. Marking the special occasion, Sridhar Rao presented his son with a brand-new Mini Cooper, making the event even more memorable. This became a talking point.
Andhra Pradesh
Telangana
Politics
Entertainment
Crime
Video
