BREAKING NEWS : Allen County coroner identifies cyclist killed after being hit by car on Lima Road Full Story
BREAKING NEWS : Allen County coroner identifies downtown Washington Boulevard crash victim Full Story
BREAKING NEWS : Allen County coroner identifies Hawthorn Suites shooting victim Full Story
STREAMING NOW: Watch Now

Jamie Dimon regrets calling bitcoin a 'fraud'

Jamie Dimon is having second thoughts about bitcoin.For months, the JPMorgan Chase CEO was one of bitcoin's mo...

Posted: Jan 9, 2018 2:37 PM
Updated: Jan 9, 2018 2:37 PM

Jamie Dimon is having second thoughts about bitcoin.

For months, the JPMorgan Chase CEO was one of bitcoin's most vocal high-profile critics. He called the digital currency a "fraud", predicted that governments would "crush it" and even threatened to fire any of his bankers if they traded it.

"If you're stupid enough to buy it, you'll pay the price for it one day," he said in October.

That was just one of many critical comments about bitcoin, "which I regret making," Dimon said during an interview with Fox Business on Tuesday.

In the interview, he said blockchain -- the technology that underpins bitcoin -- is "real" and said it is important to look at cryptocurrency offerings individually.

"You can have cryptodollars and yen and stuff like that," he said.

JPMorgan did not respond to a request for comment.

Related: Bitcoin is too hot for criminals

Some fans of the cryptocurrency saw Dimon's comments as vindication, and poked fun at him for changing his tune as the price of bitcoin went up.

"Shorter Dimon -- 'I called Bitcoin a fraud before I knew how much money we could make trading it,'" Michael Shea tweeted.

The digital currency's price soared 1,300% last year. It started 2017 trading at less than $1,000 and topped $19,000 in December.

However, Dimon made clear he was not going to become a cheerleader for bitcoin any time soon.

"I'm not interested that much in the subject at all," he said.

More mainstream investors are exploring bitcoin after several exchanges started listing futures late last year. But the cryptocurrency remains extremely volatile, routinely moving up and down by over $1,000 within hours.

It was trading at $14,700 on Tuesday.

-- Daniel Shane contributed to this article.

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 595436

Reported Deaths: 9466
CountyCasesDeaths
Marion822851311
Lake44626670
Allen32165543
Hamilton28684308
St. Joseph26917378
Elkhart24173343
Vanderburgh18856236
Tippecanoe17638125
Johnson14687289
Porter14513163
Hendricks14010242
Madison10715216
Vigo10540177
Clark10349135
Monroe9189108
Delaware8956134
LaPorte8867158
Howard7982140
Kosciusko791380
Warrick652994
Hancock646999
Bartholomew631096
Floyd6205107
Wayne5984159
Grant5874110
Dubois547175
Boone538867
Morgan524192
Henry497764
Marshall495384
Cass475362
Dearborn464545
Noble463157
Jackson417846
Shelby405680
Lawrence383876
Clinton367840
Gibson360058
DeKalb339163
Montgomery338152
Harrison333643
Knox329839
Miami312743
Steuben309343
Adams297435
Whitley297225
Wabash294947
Ripley294345
Putnam288047
Jasper285234
Huntington284959
White269138
Daviess263073
Jefferson253838
Decatur243482
Fayette242948
Greene237062
Posey234427
Wells231347
LaGrange225061
Clay219032
Scott218538
Randolph209845
Jennings193935
Sullivan189632
Spencer184319
Fountain180527
Washington179321
Starke172743
Jay163922
Fulton161130
Owen161137
Carroll153915
Orange152933
Rush151618
Perry149327
Vermillion145833
Franklin144433
Tipton129232
Parke12918
Pike114326
Blackford109222
Pulaski95337
Newton89821
Brown85931
Benton85310
Crawford7719
Martin70713
Warren6637
Switzerland6235
Union6146
Ohio4727
Unassigned0374

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 836049

Reported Deaths: 10323
CountyCasesDeaths
Franklin98533705
Cuyahoga831801065
Hamilton61931441
Montgomery42028399
Summit33849736
Lucas30524605
Butler30003228
Stark25093419
Warren19083140
Lorain18418212
Mahoning16931337
Lake15592136
Clermont15335105
Delaware1403077
Licking12819132
Trumbull12515307
Fairfield1232480
Greene11729135
Medina11286165
Clark10672264
Wood10081156
Allen9639126
Portage9006107
Miami895273
Richland8910116
Marion7377113
Tuscarawas7177174
Columbiana7164124
Pickaway710350
Wayne6855165
Muskingum678241
Erie5976118
Hancock542990
Ross535287
Scioto527063
Geauga491755
Darke459489
Ashtabula443172
Lawrence439353
Union437028
Sandusky427462
Mercer427387
Seneca417357
Auglaize416259
Huron416138
Shelby413521
Jefferson409066
Belmont403740
Washington375940
Putnam367872
Athens36759
Madison343429
Knox340122
Ashland336838
Fulton328543
Defiance322578
Crawford316371
Preble313836
Brown298819
Logan296529
Ottawa283934
Clinton281243
Williams272866
Highland266018
Jackson259043
Guernsey245325
Champaign244427
Fayette229729
Morrow22574
Perry223318
Holmes220362
Henry213547
Hardin206433
Coshocton199620
Van Wert198744
Wyandot192549
Gallia192126
Adams167415
Pike167417
Hocking165523
Carroll151316
Paulding141121
Noble118740
Meigs105021
Monroe97229
Harrison8598
Morgan79728
Vinton67613
Unassigned00
Fort Wayne
Partly Cloudy
29° wxIcon
Hi: 30° Lo: 23°
Feels Like: 16°
Angola
Partly Cloudy
27° wxIcon
Hi: 27° Lo: 21°
Feels Like: 16°
Huntington
Clear
29° wxIcon
Hi: 31° Lo: 23°
Feels Like: 19°
Fort Wayne
Partly Cloudy
29° wxIcon
Hi: 30° Lo: 24°
Feels Like: 16°
Lima
Cloudy
29° wxIcon
Hi: 30° Lo: 23°
Feels Like: 18°
Sunshine, Warmer Thursday
WFFT Radar
WFFT Temperatures
WFFT National

Community Events