Just a month
after JP Morgan Chase CEO Jamie Dimon slammed Bitcoin, calling the
digital currency “a fraud,” the long-time cryptocurrency critic
claims he won’t talk about it anymore, according to Bloomberg.
“I
wouldn’t put this high in the category of important things in the
world, but I’m not going to talk about bitcoin anymore,”
Dimon said Thursday as Bitcoin jumped to an all-time high. Dimon
later remarked that his own company moves trillions of dollars a day,
“effectively digitally,” adding that “It’s not
cash.” It’s important to point out that JP Morgan Chase has
reportedly tried to patent an alternative to Bitcoin and been
rejected — 175 times.
The company
has also jumped on the blockchain bandwagon, as Chief Financial
Officer Marianne Lake confirmed in response to a question on a
conference call with journalists Thursday. “We are very
open-minded to the potential use cases in the future for digital
currencies that are properly controlled and regulated,” Lake
said. “We’re not going to not be part of that conversation.
We’ll have to see, it’s quite nascent.”
When Dimon
called Bitcoin a “fraud” last month, he also threatened to fire
any JP Morgan traders caught trading in the digital currency. “I’d
fire them in a second. For two reasons: It’s against our rules, and
they’re stupid. And both are dangerous,” Dimon said, spurring
a wave of backlash from critics on social media at the time. Some
even speculated that the Wall Street tycoon was intentionally trying
to drive down the price of Bitcoin. Whether or not that’s true,
it’s hard to ignore the fact that Dimon’s warnings against the
cryptocurrency are typically followed by a significant spike in
value, and this time is no different.
Bitcoin is
currently at an all-time high of over $5300, and even Dimon himself
thinks it could hit $100K.
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