JP Morgan CEO Jamie Dimon – “I Don’t Give a Sh*t About Bitcoin” November 1, 2018 November 1, 2018 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Bitcoin NewsNovember 1, 2018 by Kelly Cromley

JP Morgan CEO Jamie Dimon – “I Don’t Give a Sh*t About Bitcoin”

On the day before the 10th centenary of the Bitcoin (BTC) white paper, JPMorgan CEO Jamie Dimon once again expressed his opinion about the numero uno crypto based on market cap, despite having a history of endeavors to stay away from the debate.

As CNBC reported, Dimon gave out his “reluctant” comments at the Axios conference in Los Angeles on Tuesday. Alluding to his now-notorious proclamation that Nakamoto’s creation is slightly better than a “fraud,” the CEO told the gathering:

“I never changed what I said, I just regret having said it. I didn’t want to be the spokesman against Bitcoin. I don’t really give a sh*t, that’s the point. Blockchain is real, it’s technology, but Bitcoin is not the same as a fiat currency.”

It is a known fact that Dimon’s harsh riticism about Bitcoin in September 2017 led to a sharp fall in the price.

After vowing to remain quiet on the topic, this January the CEO once more became involved in Bitcoin discussion, saying he lamented his previous choice of words, all the while confirming his admitted indifference.

Despite its CEO’s irresoluteness, prominent executives inside the banking firm have mentioned about a possibly more responsive posture concerning the crypto space, although the institution’s signals concerning crypto are deeply mixed.

An exploration into JPMorgan’s digital transformation published this month highlighted that blockchain forms an important technology in the bank’s future plan.

In September, JPMorgan extended its blockchain-powered payment platform to cover 75 multinational banks, in an attempt to stay ahead of competition from firms functioning outside the banking sector.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.