On Tuesday, however, he seems to have changed his mind and during an interview with Fox Business, he left viewers with an ominously cryptic message—punn intended—on how the government will control bitcoin.
In September of last year, Dimon not only came out swinging against bitcoin, but he threatened to fire all bank employees who dared to trade in bitcoin—for being "stupid."
If a JPMorgan trader began trading in bitcoin, he said, "I'd fire them in a second. For two reasons: It's against our rules, and they're stupid. And both are dangerous."
The cryptocurrency "won't end well," he told an investor conference in New York, as Bloomberg noted, predicting it will eventually blow up. "It's a fraud" and "worse than tulip bulbs."
In the interview on Tuesday, however, the megabank mogul expressed his change of heart. As FOX Business reported, Dimon regrets past comments in which he called Bitcoin a fraud at that September banking conference.