JPMorgan Chase chief executive Jamie Dimon has said he wonât be commenting on bitcoin anymore.
Itâs a statement that comes a month after his now-infamous declaration that the cryptocurrency is a âfraud.â Dimon made the remarks during a third-quarter earnings call with reporters this morning, as cited by CNBC.
He reportedly said:
âI wouldnât put this high on the category of important things in the world, but Iâm not going to talk about bitcoin anymore.â
During the call, JPMorgan chief financial officer Marianne Lake was quoted as saying that the bank is âopen-minded for digital currencies that are properly controlled and regulated.â
Dimon has something of a history of making strong statements on bitcoin. On September 12, during an event hosted by Barclays, he said that the cryptocurrency, in his view, is âworse than tulip bulbs,â a reference to the 17th century speculative bubble in Dutch tulips. âIt wonât end well. Someone is going to get killed,â he said at the time.
Dimon later doubled down on his comments, predicting that bitcoin would be targeted by governments.
Dimonâs âfraudâ remark last month triggered a wave of commentary from Wall Street figures, with some siding with his position, while others adopted a more neutral stance.
By contrast, some commentators have taken issue with the âfraudâ remarks, arguing that the cryptocurrencyâs foundation is based on a rejection of the banking system.
Jamie Dimon image via Flickr