JPMorgan Chase chief executive Jamie Dimon has admitted "regrets" to his now infamous remark from last year when the Wall Street banker called bitcoin a "fraud".
It was in September 2017 and a banking conference when Dimon called bitcoin a "fraud" that was "worse than tulip bulbs". A longstanding critic, Dimon also threatened to fire employees trading bitcoin.
Now, the high-profile Wall Street figure has backpedaled on those remarks and softening his stance in a televised interview with FOX Business Network, stating "I regret making them."
"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."