Jamie Dimon hates Bitcoin, but his company has purchased it

Jamie Dimon who is the CEO of JPMorgan Chase has criticized and labeled Bitcoin as a complete fraud and denounced the idea completely during one of his commentary. It has been reported that these harsh comments have drawn a lot of criticism from the Bitcoin community in social media platforms like twitter, while a handful agree with his idea.

However, even as Jamie Dimon was busy frowning at the idea and labeling Bitcoin as a fraud and shaming the whole idea about cryptocurrency, it has been reported by various news sources that his company has purchased Bitcoins even during the drop in price.

Hilariously contrary to his ideas it has been reported that his company has now posted a vacancy for a technical project execution manager. Such a professional will most probably handle the distributed ledgers and will be required to be a Blockchain professional. We have found that the Following details were included within the job posting.

“The Blockchain Center of Excellence (BCOE) leads efforts for applications of distributed ledger technology (DLT) with JPMorgan. We are exploring Blockchain use cases and piloting solutions across business lines. We are active in the Blockchain ecosystem: developing technology, investing in strategic partnerships and participating in industry consortia,” The job listing on JPMorgan’s website reads.

The idea of Bitcoin has drawn a lot of criticism and has been labeled as a fraud. However amidst the recent storms of criticisms arising from the higher financial chairs from Russia to the Chinese government (which even proposed an Exchanges ban) and Jamie Dimon, Bitcoin has been reported to show amazing stability and proved to be otherwise.

Now the price of Bitcoin have been reported to climb up and settle around $4000.