JP Morgan Chase CEO Regrets Calling Bitcoin 'a Fraud'

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Published on:
Jan/09/2018

Speaking to Fox Business Tuesday morning, JP Morgan Chase CEO Jamie Dimon walked back comments he had made on the financial network just one month ago suggesting the cryptocurrency Bitcoin is nothing more than a fraud.

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"The blockchain is real," he says.  "You can have cryptodollars in yen and stuff like that.  ICOs, you gotta look at every one individually."

Dimon does say he remains concerned about how "governments are going to feel about bitcoin when it gets really big."

Dimon's comments come a day after prices for some of the most popular cryptocurrencies dropped sharply Monday after coinmarketcap.com  removed data from some South Korean exchanges from its price quotes for a range of virtual currencies.

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