JPMorgan CEO Jamie Dimon has said he is “not going to talk about Bitcoin anymore” as the company says it is “open-minded” about cryptocurrency.
As reported by CNBC Thursday, Dimon, who caused a Bitcoin flash crash when he described it as a “fraud,” appears to have lost faith in his own judgment.
“I wouldn't put this high on the category of important things in the world. But I'm not going to talk about bitcoin anymore," he told reports responding to a query.
Adding to the apparent U-turn on the bank’s anti-Bitcoin sentiment, CFO Marianne Lake even went as far as to accept it.
“We are open-minded for digital currencies that are properly controlled and regulated,” she added, along with praising the merits of Blockchain technology.
The comments come as fellow finance figures pointed to what they called “hypocrisy” at JPMorgan and Dimon’s comments. Cointelegraph reported earlier that VC Bart Stephens had joined the likes of Goldman Sachs and high-profile investors in adopting a more bullish tone on Bitcoin.
In the meantime, Bitcoin managed to shake off the last remnants of Dimon’s impact, with prices racing to new all-time highs over $5200 today.
Source is here.
Well, I think for now when the value of Bitcoin is soaring into historical high, the best thing for Mr. Jamie Dimon to do is to really shut up especially since it has been proven that he is saying one thing and yet the firm he is representing is doing something else, reason why many are calling the man as a big hypocrite.
In the war between Jamie and Bitcoin, I think it can declared that for now Bitcoin is the clear winner as the man was not successfully in his attempt to tore it down, instead it cam back with a big revenge by pulling out of the pack and getting past the $5,000 like a flash.
It would have been better if there was a dare made against Jamie...it would have been fun seeing him do something against his will.
