Dimon: I Regret Calling Bitcoin A Fraud


JPMorgan Chase CEO Jamie Dimon has walked back his criticism of bitcoin and said that he regrets calling the cryptocurrency “a fraud,” but that he’s still “not interested that much in the subject at all.”

Dimon in September threatened to fire Chase employees that invested the bank’s money in bitcoin or other cryptocurrencies. Bitcoin prices were cruising upward at the time, months before cryptocurrency values skyrocketed.

Dimon’s bank has since explored bitcoin futures trading and a blockchain-based payments system.

Read more at The Hill.



  1. Bitcoin is nothing more than a set of numbers. That’s it. Nothing more. It has no inherent value. It’s value is only what YOU, the owner of the #, make it out to be. You can’t hold it in your hand and purchase something in Home Depot with it. It’s just like a collectors item. If you “owned” one during the Holocaust, it would of been worthless. You wouldn’t of been able to bribe a nazi with it in order to save your life. Cash, yes. Gold, yes. Valuable coins, yes. Expensive clothing, yes. Trains, yes. Bitcoins, NO! If everyone would decide to “sell” Bitcoins at the same time, it would be Madoff all over again. STAY AWAY FROM BITCOINS. Amway, Herbalife, WexTrust, Enron, WorldCom, & Qwest are much better “investments”.


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