Spiteful it may be, but few of us can resist saying, “I told you so,” when we’re proven right after all, even though the other party fought tooth and nail to convince us otherwise. So when the crypto world heard that JPMorgan CEO Jamie Dimon has turned tail on Bitcoin, there was reason to be smug.
The Back Story of JPMorgan vs Bitcoin
In the last quarter of 2017, Invest in Blockchain reported on Dimon’s callous remark that “Bitcoin is a fraud”. It saw the crypto market spinning into disarray, and bitcoin dropped in price.
“It’s just not a real thing, eventually it will be closed,” Dimon said. “If you’re stupid enough to buy it, you’ll pay the price for it one day.”
In our article, we looked at several discrepancies between his outspokenness and…