JP Morgan apparently being left out in the cold after many of the industries players have embraced the currency, the chief has been forced to backtrack on his earlier statement slamming the popular coin as a Fraud and that "The curency isn't going to work..."
Despite Dimon’s criticism, several banks, exchange operators and companies eagerly embraced bitcoin, sparking a spectacular rise in the coin.
Making amends, he insightfully tells Fox "Blockchain is real. You can have crypto yen and dollars and stuff like that,"
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