Cryptocurrency markets shifting emphasis from Bitcoin to other coins and Dimon walks back fraud comment

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JPMorgan Chase Chairman and CEO Jamie Dimon said Tuesday he regrets past comments in which he called Bitcoin a fraud at a September banking conference.

“The blockchain is real. You can have crypto yen and dollars and stuff like that. ICO’s you have to look at individually”, Dimon said in an exclusive interview with FOX Business’ Maria Bartiromo. “The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.”

For last few weeks, there has been shift to Ethereum, Ripple, Litecoin and other cryptcurrencies while Bitcoin has held relatively steady.

 

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Original Article: https://www.nextbigfuture.com/2018/01/cryptocurrency-markets-shifting-emphasis-from-bitcoin-to-other-coins-and-dimon-walks-back-fraud-comment.html

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