Receive all Cointelegraph news immediately in Telegram.
Jamie Dimon, the man who called Bitcoin a fraud, has now said he will “stop talking” about it altogether as prices reach $5200.
JPMorgan CEO Jamie Dimon has said he is “not going to talk about Bitcoin anymore” as the company says it is “open-minded” about cryptocurrency.
As reported by CNBC Thursday, Dimon, who caused a Bitcoin flash crash when he described it as a “fraud,” appears to have lost faith in his own judgment.
“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," he told reports responding to a query.
Adding to the apparent U-turn on the bank’s anti-Bitcoin sentiment, CFO Marianne Lake even went as far as to accept it.
“We are open-minded for digital currencies that are properly controlled and regulated,” she added, along with praising the merits of Blockchain technology.
The comments come as fellow finance figures pointed to what they called “hypocrisy” at JPMorgan and Dimon’s comments. Cointelegraph reported earlier that VC Bart Stephens had joined the likes of Goldman Sachs and high-profile investors in adopting a more bullish tone on Bitcoin.
In the meantime, Bitcoin managed to shake off the last remnants of Dimon’s impact, with prices racing to new all-time highs over $5200 today.
Follow us on Facebook
For updates and exclusive offers, enter your e-mail below.
Thank you for contacting us! We will reply to you as soon as possible.
Thank you for your interest in our franchise program.
We are considering your request and will contact you in due course. If you have any further queries, please contact: