Jamie Dimon Says He's Done Talking About Bitcoin

JPMorgan Chase chief executive Jamie Dimon has said he won’t be commenting on bitcoin anymore.

It’s a statement that comes a month after his now-infamous declaration that the cryptocurrency is a “fraud.” Dimon made the remarks during a third-quarter earnings call with reporters this morning, as cited by CNBC.

He reportedly said:

“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.”

During the call, JPMorgan chief financial officer Marianne Lake was quoted as saying that the bank is “open-minded for digital currencies that are properly controlled and regulated.”

Dimon has something of a history of making strong statements on bitcoin. On September 12, during an event hosted by Barclays, he said that the cryptocurrency, in his view, is “worse than tulip bulbs,” a reference to the 17th century speculative bubble in Dutch tulips. “It won’t end well. Someone is going to get killed,” he said at the time.

Dimon later doubled down on his comments, predicting that bitcoin would be targeted by governments.

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

By contrast, some commentators have taken issue with the “fraud” remarks, arguing that the cryptocurrency’s foundation is based on a rejection of the banking system.

Jamie Dimon image via Flickr

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Comments

comments

Filed in: Bitcoin Buzz Tags: ,

You might like:

Bancor Bounce Back? ICO Is Winning Adoption Bancor Bounce Back? ICO Is Winning Adoption
Lithuania's Central Bank Probes 100 Million Euro ICO Lithuania's Central Bank Probes 100 Million Euro ICO
PC Giant Lenovo Seeks Blockchain Validation Patent PC Giant Lenovo Seeks Blockchain Validation Patent
Coinbase. Ripple. Uphold? Investor Greg Kidd Defends Bold Bet Coinbase. Ripple. Uphold? Investor Greg Kidd Defends Bold Bet
Banks Buy Stakes in Blockchain Startup SETL Banks Buy Stakes in Blockchain Startup SETL
Long Blockchain Is At Risk for Exchange Removal Again Long Blockchain Is At Risk for Exchange Removal Again
Bottom Confirmed? Bitcoin at 20-Day High Near $11K Bottom Confirmed? Bitcoin at 20-Day High Near $11K
Record Retest? ETC Looks Poised on Double-Digit Climb Record Retest? ETC Looks Poised on Double-Digit Climb
© 2018 Virtual Mining Bitcoin News. All rights reserved. XHTML / CSS Valid.