Less than four months after Jamie Dimon lashed out at bitcoin, warning that it was would "eventually blow up" because it was "worse than tulip bulbs" and that "any trader trading bitcoin" will be "fired for being stupid", the JPMorgan CEO said he "regrets" his infamous criticism of bitcoin, in which he called the cryptocurrency a "fraud."
In an interview with FOX Business' Maria Bartiromo, Dimon repented, softening the comments he made in a September banking conference, saying "I regret making them."
While Dimon said that he personally is still "not interested in the subject at all" he conceded that blockchain "is real." Dimon also softened his tone on initial coin offerings, saying that ICOs need to be reviewed “individually”.
"The blockchain is real. You can have crypto yen and dollars and stuff like that. ICO's you have to look at individually", Dimon told Bartiromo.
"The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I'm not interested that much in the subject at all."
Until today's recantation, Dimon was one of the highest-profile bitcoin skeptics on Wall Street. His remarks in September were met with anger from many in the cryptocurrencies community, but also echoed by other top executives, including Larry Fink, chairman and chief executive of BlackRock.
Since then, the acceptance of bitcoin has moved to the institutional arena with both the cboe and CME launching bitcoin futures, while Goldman is preparing a cryptocurrency trading desk. It was only a matter of time before Dimon realized all the potential lost revenue, and rushed back in to avoid losing even more market share.
Comments
now i know for sure it's a fraud.
Or he has found a way to make money off those who want to buy it or futures...
In reply to now i know for sure it's a… by buzzsaw99
Oh you just know that vampire likely pulled this shit so they could come in and scoop up unwanted coins from those with severely weak spleens. It was a dandy of a BTFD situation and it ain't over.
In reply to Or he has found a way to… by GatorMcClusky
I regret my daughter is richer than me.
In reply to Oh you just know that… by Global Douche
So I guess the Jew banksters went long at some point between the two comments. . .
In reply to I regret my daughter is… by T-NUTZ
Translation: Dimon doesn't want to share any of the Bitcoin shorting pie, so he regrets giving you a heads up about it. (CME housing futures, coming to you in 2006!)
In reply to So I guess the Jew banksters… by Government nee…
Now you butt out hustler, the only time you come out of the ground is when you smell a profit... [/Big Joe]
In reply to Or he has found a way to… by GatorMcClusky
Time to sell.
In reply to now i know for sure it's a… by buzzsaw99
it doesn't say much for the banking system either
In reply to now i know for sure it's a… by buzzsaw99
Go count your Silver slugs in your boating accident.
In reply to now i know for sure it's a… by buzzsaw99
jamie's so fucking
articulate and stuff
deleted post
Good one.
In reply to now that Dimon thinks… by MaxThrust
so, it is a fraud after all
Another genius.
Isn't this the guy that has the stupid (according to him) daughter?
I'm leaning toward Jamie being the fraud, and an asshole.
Lots of room on his neck for a rope tie.
Ha Ha. He accomplished his purpose which was to get his daughter (and other relatives) positions, and BA too.
I don't regret calling him a fraud
Too little too late Dimon.
Analysts at SHEPWAVE have been predicting market .
He now has his long positions set and is talking his book.
..... Wankers should embrace the action.
Any action is good action when you are the house of JD's Morgan.....what was I thinking back then. So sorry, getcha some with our help.
Love
J D
We are Richer than You
And....let's not forget those fancy cufflinks of his....
http://www.motherjones.com/wp-content/uploads/images/blog_dimon_cufflin…
In reply to ..... Wankers should embrace… by El Hosel
He got it down to 3k before going all in...
Jamie Dimon is literally the bitcoin community's guy!
There’s a new currency called Dimon coin. You can mine it with an aquarium net from the bottom of your toilet.
butt nuggets
buttcoin
ass candy
In reply to There’s a new currency… by OrderfromChaos
Bitcoin is NOT scarce anymore. The cryptocurrency space will expand, but money will shift to other alt coins which are newer and faster.
Bitcoin price decline is going to wipe people out and lead to suicides. Watch
god i hope so because i'm tired of listening to their shit already.
In reply to Bitcoin is NOT scarce… by lester1
Long Jumpers?
In reply to Bitcoin is NOT scarce… by lester1
Ya Jamie, now that there is a derivative for bitcoin, it's a great instrument!
Confirmation from his own mouth that his opinion isn't worth shit.
Suprised? Not really, it's not like I was listening to his opinions in the first place or even wanting to play in his rigged sandpit.
I'll stick with cryptos thanks, already taken some profits and paid my mortgage off. 2018 looking rosy.
It's amazing how the narrative for Cryptocurrency has changed. It came about as a complete rejection of Central Bank FIAT money shenanigans and currency debasement.
Cryptocurrency was a rejection of Jewish money and wanting to go back to some version of a limited money supply and not never ending money printing.
He's acknowledging the blockchain which can be used in a centralized system. He likely just sees an opportunity to trade and make money off of it. But I'm pretty sure the entire banking system is scared of the distributed validation and decentralization. Distributed validation is the true innovation, not the blockchain.
Regrets?! Hell, I'm sure he was buying with both hands after the statement.
Bitcoin is a Ponzi, so who are the peons to buy to boost it back to 20 000 level. The global economy is a Ponzi and now you are promoting a similar speculation as a solid investment. How old are you my son and still believe in such fairy tales.
Dope! Jamie Dimon I thought it was just a few weeks ago......
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Translation:
"We had no idea how dumb the muppets really are and also nobody learned anything from the past 2 massive bubbles so JPM may as well rape as many idiots as possible...shekels and shiksas beyotches !"
Parasites are simple organisms...not capable of feelings...of things like regret.