Jamie Dimon calls off his statement “Bitcoin a Fraud”

Jamie Dimon

Jamie Dimon regrets calling Bitcoin a “Fraud”, stated in an exclusive interview with FOX Business. Jamie Dimon, CEO of JPMorgan Chase, the largest bank in the U.S, last year stated Bitcoin as fraud in a banking conference.

Though he adds on he is still not a fan of Cryptocurrency.

Dimon has been in news because of his negative statement throughout the fall of 2017. 

It all got started in September 2017 in a banking conference.

Jamie Dimon called bitcoin” worthless” and continued saying that “stupid” buyers will pay the price. 

In fact, it’s not only about the last year. In 2015, speaking at the Fortune Global Forum, Dimon dismissed the potential of cryptocurrency. He concluded that Bitcoin will not survive.

“This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that’s going to put up with it for long … there will be no currency that gets around government controls.”

At times when negative statements from such powerful incumbent are spotted, turns out to be a bullish signal for the players.

As per reports, some observers including Bloomberg noted fall in Bitcoin prices after Dimon’s remarks.

Dimon didn’t stop here. His statements like “he would fire any trader known to be trading the cryptocurrency” and “Bitcoin is worse than tulip bulbs. It won’t end well. Someone is going to get killed”, kept him in News.


This Tuesday, Jamie regrets calling Bitcoin a fraud.

“The blockchain is real. You can have crypto yen and dollars and stuff like that. ICO’s you have to look at individually”.

“The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.”

Well though he is not that much interested in the subject still he had praise for Blockchain Technology.

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