The CEO of global investment banking giant, JPMorgan Chase has once again found himself speaking about the leading cryptocurrency. Bitcoin still doesn’t interest Dimon as he stated that he doesn’t “really give a sh-t” about the digital currency and can’t see it rivaling fiat money.
Dimon made his “reluctant” comments at the Axios conference in Los Angeles on Tuesday. Jamie Dimon had previously said that he would not be speaking about Bitcoin again after receiving backlash for earlier comments on the subject.
Referring to his now-notorious statement that Nakamoto’s invention is little more than a “fraud,” the CEO told the audience:
“I never changed what I said, I just regret having said it. I didn’t want to be the spokesman against Bitcoin. I don’t really give a sh*t, that’s the point. Blockchain is real, it’s technology, but Bitcoin is not the same as a fiat currency.”
In September last year, Dimon called Bitcoin a fraud at that time, Bitcoin was trading at around $4,200. It subsequently rocketed to almost $20,000 before a spectacular collapse to its current levels – a comment Dimon later said he regretted.
Tuesday’s comments come as bitcoin celebrates 10 years since Satoshi Nakamoto, the pseudonym tied to the creator of the best-known cryptocurrency, released the white paper on bitcoin to an email group of cypherpunks who were championing financial privacy.