Jamie Dimon Once Called Bitcoin a ‘Fraud.’ Now, JPMorgan Is Quietly Making Blockchain History and Betting This ‘Crypto Winter’ Will Be Short-Lived.

JPMorgan (JPM) CEO Jamie Dimon famously called Bitcoin (BTCUSD) a “fraud” in 2017 and spent years comparing it to pet rocks, suggesting that its primary purpose is to serve scammers and money launderers. At times, his comments have sunk the Bitcoin price, with many on Wall Street looking to Dimon as a “guru” on all things finance. More News from Barchart Now though, his company’s under-the-radar moves show that not only has Dimon changed his tune – but that JPMorgan is betting the current selloff in cry ...