JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon has always been tough when it comes to his stance on Bitcoin (available on Coinbase) (BTC). Back in September of 2017, Dimon even went as far as calling it a “fraud.” He later retracted his statement and said that he was wrong for calling it a fraud but was still wary of the digital currency.
Well, it seems Dimon has somETHing different to say about Bitcoin (available on Coinbase) now. Again.
Jamie Dimon vs. Bitcoin (available on Coinbase) (BTC): October 2018
Two days ago at an AXIOS conference, the CEO was asked about changing his mind on Bitcoin (available on Coinbase), and he said, “I never changed what I said, I just regret having said it,” CNBC reported.
Dimon continued by saying:
“I didn’t want to be the spokesman against Bitcoin (available on Coinbase) (BTC). I don’t really give a s*&^, that’s the point—okay? But Blockchain is real, it’s technology, Bitcoin (available on Coinbase) is not the same as fiat currency.”
Most major banking CEOs around the globe have taken a very similar stance on the matter. Nearly a year ago, Morgan Stanley (NYSE:MS) CEO James Gordon stated that despite Bitcoin (available on Coinbase) rising 700 percent in 2017, the digital currency was the definition of a “speculative investment and anyone thinking it might be stable is deluding themselves.” Gorman goes on to describe Bitcoin (available on Coinbase) as “not even close to a safe investment.”