The quick read
JPMorgan Chase CEO Jamie Dimon told Fox Business News Tuesday that he shouldn’t have called bitcoin a “fraud” last September. (American Banker) Dimon went on to acknowledge blockchain technology could be useful.
The key details
Dimon still isn’t a big believer in bitcoin however.
The 61-year-old CEO said Tuesday he’s still not very interested in the subject, and thinks that government intervention may eventually hamper bitcoin’s growth and acceptance. (American Banker)
Bottom line
Dimon still isn’t a big fan of bitcoin. But he can’t dismiss blockchain technology, especially with his own company interested in it. So he softened his statement a bit.