Finally, during an interview on FOX Business Network, he admited that he does not understand Blockchain and the Crypto World.
As we say: "Better late than never"
Main points
J.P. Morgan Chase CEO said he regrets calling bitcoin a fraud.
"The blockchain is real," Dimon tells Fox Business.
Dimon remains concerned about how "governments are going to feel about bitcoin when it gets really big."
Initial coin offerings need to be reviewed “individually”
We should soon hear some Crypto Trading Activities being implemented in JP Morgan.
Nevertheless, do not bet more than you can afford my friends because the technology is there to stay but there will be frauds and losses along the way.
Sources:
- https://www.ft.com/content/e04e359a-e9e9-3f8e-8e2f-3f4373e5efb0
- https://www.cnbc.com/2018/01/09/jamie-dimon-says-he-regrets-calling-bitcoin-a-fraud.html
