Ethereum Watch

Perhaps the most widely-recognized bitcoin critic, JP Morgan CEO Jamie Dimon confessed on Tuesday that he might have made an error in judgment when he criticized bitcoin believers.

In an interview today with Fox Business, Dimon expressed regret for his previous comments, and said in earnest, “The blockchain is real.”

Obviously, there’s more than one blockchain, but we’ll forgive Dimon’s improper terminology (he’s been wrong before). Suddenly, though, it sounds like the banker understands the vast potential of blockchain technology.

“You can have cryptodollars in yen and stuff like that. ICOs … you got to look at everyone individually,” said Dimon. But, with respect to initial coin offerings (token offerings), he expressed relative indifference. “I’m not interested that much in the subject at all,” said Dimon.

The banker, it appears, is far more concerned with how governments might address – or regulate – cryptocurrency.

“The [issue with] bitcoin was always, to me, what the governments are going to feel about bitcoin when it gets really big,” said Dimon. “And I just have a different opinion than other people.”

Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.

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