Speaking on Tuesday at an Axios conference in Los Angeles, Dimon was asked about why he changed his mind on bitcoin. True to form, he doubled down on his previous statements, saying that he hadn’t changed his mind and just doesn’t “give a sh*t” about the subject.
“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, okay? The blockchain is real, it’s technology, but bitcoin is not the same as a fiat currency.”
Ever the crypto critic, Dimon has over the years used a myriad of epithets to convey his distaste for the subject, variously referring to it as a “fraud,” a “waste of time,” an asset that is “worth nothing,” and a “stupid” investment with “no actual value.” Unsurprisingly, he’s also a card-carrying member of the “blockchain not bitcoin” brigade.
JPMorgan has, despite Dimon’s hostile public stance, quietly begun “looking into” cryptocurrency, going so far as to acknowledge in published reports that the asset class is unlikely to disappear and could disrupt the banking industry.