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Posted   |     |   satoshi

Is Jamie Dimon doing a U-turn on bitcoin?

It appears that one of the most prominent bitcoin skeptics may be changing his tune.

Jamie Dimon, the chief executive of JPMorgan Chase & Co.












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 has continually poured cold water on the No. 1 digital currency, calling it a terrible store of value, a bubble and a fraud. But now, following counterpart Goldman Sachs Group












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it appears the U.S. banking giant is dipping its toes in the digital-currency water.

RELATED:  Mark Carney: Bank of England Open to Idea of Central Bank Issued Digital Currency

The Financial News reported Thursday that JPMorgan had made a personnel shift, and Oliver Harris will move into a role that will examine the use of digital currencies for the bank.

Read: ‘Fraud.’ ‘Not willing to pooh-pooh.’ A list of what Wall Street CEOs have said about bitcoin

The move would be a stark turnaround for Dimon, who for more than four years has turned his nose up at the idea of cryptocurrencies playing a role in mainstream financial markets.

It began as early as January…

Read more…

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