"The Blockchain is Real" — Jamie Dimon

CEO and Chairman of JPMorgan Chase Jamie Dimon has said he regrets criticizing bitcoin and calling the popular cryptocurrency a fraud in the past, but remains uninterested in digital currencies.

Some influential names in finance, Dimon among them, have been concerned that concentrating all transactions into the single database of the blockchain makes cryptocurrency vulnerable to hacking and fraud.

"The blockchain is real", Dimon said. You can have crypto Dollars and Yen and stuff like that.

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Initial coin offerings, however, "you have to look at individually", he said in the interview. He is unsure of how "governments are going to feel about bitcoin when it gets really big", a widely shared concern as the currency has gone up over 1,500 percent within the past year alone. "You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart". It allows buyers and sellers to interact directly, while their exchange is recorded on the blockchain ledger.

Dimon's fiercely negative and unfiltered comments about Bitcoin went viral last year, as he took shot after shot at the cryptocurrency.

On said Tuesday he said he was still not very interested in the subject, and thought government intervention may eventually hamper bitcoin's growth and acceptance.

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On Tuesday, the market capitalization of the global cryptocurrency sector hit $734.98 billion. "A move in prices below chart support at $14,000 would better energize the bears, to then suggest a challenge of the recent lows scored in late December".

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