{"id":343266,"date":"2018-01-11T07:16:13","date_gmt":"2018-01-11T06:16:13","guid":{"rendered":"https:\/\/rinf.com\/alt-news\/newswire\/jamie-dimon-regrets-calling-bitcoin-a-fraud\/"},"modified":"2018-01-11T07:16:13","modified_gmt":"2018-01-11T06:16:13","slug":"jamie-dimon-regrets-calling-bitcoin-a-fraud","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/jamie-dimon-regrets-calling-bitcoin-a-fraud\/","title":{"rendered":"Jamie Dimon Regrets Calling Bitcoin a &#8216;Fraud&#8217;"},"content":{"rendered":"<div id=\"\">\n<p><iframe loading=\"lazy\" height=\"315\" src=\"\/\/www.youtube.com\/embed\/HzLazqmVC3s\" width=\"560\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"\/\/www.youtube.com\/embed\/40OuVyVGdIM\" width=\"560\"><\/iframe><\/p>\n<p>For months, the JPMorgan Chase (JPM) CEO was one of bitcoin&#8217;s most vocal high-profile critics. He called the digital currency a &#8220;fraud&#8221;, predicted that governments would &#8220;crush it&#8221; and even threatened to fire any of his bankers if they traded it.<\/p>\n<p>&#8220;If you&#8217;re stupid enough to buy it, you&#8217;ll pay the price for it one day,&#8221; he said in October.<\/p>\n<p>That was just one of many critical comments about bitcoin, &#8220;which I regret making,&#8221; Dimon said during an interview with Fox Business on Tuesday.<\/p>\n<p>In the interview, he said blockchain &#8212; the technology that underpins bitcoin &#8212; is &#8220;real&#8221; and said it is important to look at cryptocurrency offerings individually.<\/p>\n<p>&#8220;You can have cryptodollars and yen and stuff like that,&#8221; he said.<\/p>\n<p>JPMorgan did not respond to a request for comment.<\/p>\n<p>Some fans of the cryptocurrency saw Dimon&#8217;s comments as vindication, and poked fun at him for changing his tune as the price of bitcoin went up.<\/p>\n<p>&#8220;Shorter Dimon &#8212; &#8216;I called Bitcoin a fraud before I knew how much money we could make trading it,'&#8221; Michael Shea tweeted.<\/p>\n<p>The digital currency&#8217;s price soared 1,300% last year. It started 2017 trading at less than $1,000 and topped $19,000 in December.<\/p>\n<p>However, Dimon made clear he was not going to become a cheerleader for bitcoin any time soon.<\/p>\n<p>&#8220;I&#8217;m not interested that much in the subject at all,&#8221; he said.<\/p>\n<p>More mainstream investors are exploring bitcoin after several exchanges started listing futures late last year. But the cryptocurrency remains extremely volatile,&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/redice.tv\/news\/jamie-dimon-regrets-calling-bitcoin-a-fraud\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For months, the JPMorgan Chase (JPM) CEO was one of bitcoin&#8217;s most vocal high-profile critics. He called the digital currency a &#8220;fraud&#8221;, predicted that governments would &#8220;crush it&#8221; and even threatened to fire any of his bankers if they traded it. &#8220;If you&#8217;re stupid enough to buy it, you&#8217;ll pay the price for it one [&hellip;]<\/p>\n","protected":false},"author":2520,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-343266","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/343266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/2520"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=343266"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/343266\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=343266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=343266"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=343266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}