January 9th will be marked as the day when the JPMorgan CEO spoke ambiguously about cryptocurrency for the first time. After calling Bitcoin ‘a fraud’ earlier, he probably changed his mind this week, after making comments in an exclusive interview with Fox Business at the JPMorgan Health Care Conference in San Francisco.
After Jamie Dimon, the CEO at JPMorgan called Bitcoin a ‘fraud’ in September 2017 and said that he would fire JPMorgan employees who will trade Bitcoin on the company’s accounts, it seems that now he changed his mind. Dimon also told Fox Business that he ‘regrets’ making that statement in September, and is apparently ‘not interested that much in the subject at all.
As Dimon said, “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.”
Even though it is still not clear what Dimon wanted to say with the entire comment thing, the context probably makes him aware of the growth of cryptocurrencies. Most importantly, he believes that the crypto world will become fully regulated by governments eventually.
According to his statement in 2015, “It’s just not gonna happen, you’re wasting your time. This is my personal opinion. There will be no real non-controlled currency in the world. There’s no government that’s gonna put up with it for long.”
However, Dimon in an interview with Fox has just said that the viable currencies will be ones that are government-backed, stating that “You can have crypto yen and dollars and stuff like that. ICO’s you have to look at individually.”
At this point, it is safe to say that Dimon (as a big shark in the banking world) seems optimistic about the growth of blockchain technology.