JP Morgan’s Jamie Dimon Regrets his ”Bitcoin is a Fraud” Statement


Jamie Dimon Warms to Bitcoin
Chairman of JP Morgan Chase, Jamie Dimon, sat down for a televised interview with FOX Business Network’s Maria Bartiromo for a segment of her eponymous Mornings with Maria. The two discussed recent overhaul of the US tax structure and its corporate rate, the economy, and health care. They were gathered at the Westin St. Francis in San Francisco for the 36th Annual JP Morgan Healthcare Conference, which runs through Thursday and included a keynote by Bill Gates.

Regret
Ms. Bartiromo, who carries the distinction of having a Joey Ramone song written in her honor, began, “Let me ask you about bitcoin, because that was another famous statement you made, that it’s a fraud,….” Mr. Dimon perked up, interrupting, “… which I regret making,” he smiled. Punctuating with his left hand, he insisted, “The blockchain is real. You can have crypto dollars and yen and stuff like that. ICOs you have to look at every one individually. The bitcoin was always to me, was what the governments are going to feel about bitcoin when it gets really big? I just have a different opinion from other people. I am just not that interested that much in the subject at all,” he waved away with his right hand, “so I’ll leave that to everybody else to figure out what they really want to do with that.” The FOX Business host then prompted the banker, “I think it’s funny that I just saw a study that 30 percent of millennials say they’d rather invest in bitcoin than bonds and stocks,” she laughed and smiled, “…I don’t know,” she giggled. Mr. Dimon grinned and looked over his right shoulder, incredulously, and then laughed, holding up his left hand as a peace sign, “I have a daughter who bought two bitcoins,” he said. Ms. Bartiromo agreed, “Yeah, that’s what I am saying: young people are into bitcoin, so … “ “And [my daughter] now thinks she’s a genius because it went way up,” Mr. Dimon smiled. What do you think of Jamie Dimon’s reversal? Tell us in the comment section below!Images via Pixabay.
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