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Jamie Dimon regrets mocking Bitcoin

Dan Primack, author of Pro Rata

J.P. Morgan CEO Jamie Dimon. Photo by Win McNamee/Getty Images

J.P. Morgan CEO Jamie Dimon has regularly trolled the Bitcoin community, calling it "stupid," a "fraud" and saying that he'd fire any bank employee caught trading it. But today he expressed regrets for making those comments, in an interview with Fox Business News:

"The blockchain is real. You can have cryptodollars and yen and stuff like that. ICOs... The Bitcoin was always to me what the governments are going to feel about Bitcoin when it gets really big. And I just have a different opinion than other people and I'm not that much interested in the subject at all."
— Jamie Dimon

Dimon also says that his daughter once bought some bitcoin at just $11 (which must have been before 2013). It's now valued at over $14,000.

Go deeper

Oriana Gonzalez
Updated 3 hours ago - World

In photos: Pope Francis spreads message of peace on first trip to Iraq

Pope Francis waving as he arrives near the ruins of the Syriac Catholic Church of the Immaculate Conception (al-Tahira-l-Kubra), in the old city of Iraq's northern Mosul on March 7. Photo: Vincenzo Pinto/AFP via Getty Images

Pope Francis was on Sunday visiting areas of northern Iraq once held by Islamic State militants.

Why it matters: This is the first-ever papal trip to Iraq. The purpose of Francis' four-day visit is largely intended to reassure the country's Christian minority, who were violently persecuted by ISIS, which controlled the region from 2014-2017.

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Rebecca Falconer
6 hours ago - Politics & Policy

Cuomo faces fresh misconduct allegations from former aides

New York Gov. Andrew Cuomo during a February press conference in New York City. Photo: Seth Wenig/Pool/AFP via Getty Images

The office of New York Gov. Andrew Cuomo (D) was on Saturday facing fresh accusations of misconduct against his staff, including further allegations of inappropriate behavior against two more women. His office denies the claims.

Driving the news: The Washington Post reported Cuomo allegedly embraced an aide when he led the U.S. Department of Housing and Urban Development and that two male staffers who worked for him in the governor's office accused him of routinely berating them "with explicit language."

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Rebecca Falconer
8 hours ago - Axios Twin Cities

In photos: Protesters rally for George Floyd ahead of Derek Chauvin's trial

Chaz Neal, a Redwing community activist, outside the Minnesota Governor's residence during a protest in support of George Floyd in St.Paul, Minnesota, on March 6. Photo: Kerem Yucel/AFP via Getty Images

Dozens of protesters were rallying outside the Minnesota governor's mansion in St Paul Saturday, urging justice for George Floyd ahead of former Minneapolis police officer Derek Chauvin's trial over the 46-year-old's death.

The big picture: Chauvin faces charges for second-degree murder and manslaughter over Floyd's death last May, which ignited massive nationwide and global protests against racism and for police reform. His trial is due to start this Monday, with jury selection procedures.

Go deeper (<1 min. read)Arrow