J.P. Morgan Chase Chairman and CEO Jamie Dimon is backpedaling a bit on his earlier criticisms on cryptocurrencies.
In September, Dimon called bitcoin a fraud. “I regret making” that comment, he said Tuesday on Fox Business.
“The blockchain is real,” Dimon added in the interview. “You can have cryptodollars in yen and stuff like that. ICOs … you got to look at every one individually. The bitcoin was always to me what the governments are going to feel about bitcoin when it gets really big. And I just have a different opinion than other people.”
ICOs stands for initial coin offerings, a controversial way some cyrptocurrency companies are raising funds.
“I’m not interested that much in the subject at all,” Dimon added in the interview.
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