© The Free Thought Project
Late last year the Chairman & CEO of JPMorgan Chase, Jamie Dimon became the laughing stock of the crypto world when he came out railing against bitcoin and the blockchain. On Tuesday, however, he seems to have changed his mind and during an interview with
Fox Business, he left viewers with an ominously cryptic message-punn intended-on how the government will control bitcoin.
In September of last year, Dimon not only came out swinging against bitcoin, but he threatened to fire all bank employees who dared to trade in bitcoin-for being "stupid."
If a JP Morgan trader began trading in bitcoin, he said, "I'd fire them in a second. For two reasons: It's against our rules, and they're stupid. And both are dangerous."
The cryptocurrency "won't end well," he told an investor conference in New York, as Bloomberg noted, predicting it will eventually blow up. "It's a fraud" and "worse than tulip bulbs."
In the interview on Tuesday, however, the megabank mogul expressed his change of heart. As FOX Business
reported, Dimon regrets past comments in which he called Bitcoin a fraud at that September banking conference.
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