Jamie Dimon Says He’s Done Talking About Bitcoin

JPMorgan Chase president Jamie Dimon has actually stated he will not be talking about bitcoin any longer.

It’s a declaration that comes a month after his now-infamous statement that the cryptocurrency is a “fraud.” Dimon made the remarks throughout a third-quarter revenues call with press reporters today, as pointed out by CNBC.

Hesupposedly stated:

“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.”

Duringthe call, JPMorgan chief monetary officer Marianne Lake was priced quote as stating that the bank is “open-minded for digital currencies that are properly controlled and regulated.”

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Dimonhas something of a history of making strong declarations onbitcoin On September 12, throughout an occasion hosted by Barclays, he stated that the cryptocurrency, in his view, is “worse than tulip bulbs,” a recommendation to the 17 th century speculative bubble in Dutch tulips. “It won’t end well. Someone is going to get killed,” he stated at the time.

Dimonlater on doubled down on his remarks, forecasting that bitcoin would be targeted by federal governments.

Dimon’s “fraud” remark last month activated a wave of commentary from Wall Street figures, with some siding with his position, while others embraced a more neutral position.

Bycontrast, some analysts have actually differed with the “fraud” remarks, arguing that the cryptocurrency’s structure is based upon a rejection of the banking system.

JamieDimon image through Flickr

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