Jamie Dimon Not Interested in bitcoin, but Regrets Calling it a Fraud

The Jamie Dimon interview on Fox Business certainly created a lot of buzz today. It took a lot of courage for a man of his stature in the finance community to come out and backtrack on his previous statements toward bitcoin. Although, he has always been a fan of blockchain. Understandable from a man used to looking at charts and evaluating P/E ratio's. How does one measure bitcoin's price? Even the savviest of investors have admitted to being perplexed by bitcoin, which is why it took institutional investors so long to get on board. Well, that may be an oversimplification given all the entities that need to weigh in (SEC) and red tape to go through. While the CBOE opened its door in December, there are still plenty of road blocks firms still face given the recent news that three companies withdrew their ETF requests today. The circumstances surrounding the ETF withdrawals are an example of the SEC doing their due diligence though. Who can complain about that?