JPMorgan Chase Chairman and CEO Jamie Dimon recalled his words criticizing Bitcoin's existence.Previously he said that the digital currency is a fraud.

I'm sorry to make that comment, "Dimon said in a television show quoted by CNBC

"The blockchain is real, you have to look at the views of people individually, my view of Bitcoin is the same as the government's view when Bitcoin is not as big as now, I never had a different opinion than others," he said.

ICO (Initial Coin Offering) itself is a controversial way for some cryptocurrency companies to raise funds.

Not only said that Bitcoin is a fraud, Jamie Dimon also had to denounce the digital currency investors last year.

If you are stupid enough to buy it, one day you will feel the consequences, "he said at the time.

However, the JPMorgan Chase boss responded positively to the technology behind Bitcoin called the blockchain.

In October, JPMorgan Chase said the launch of a blockchain-based system would soon significantly reduce the number of parties needed to verify global payments and reduce transaction time from weeks to hours.

Keep in mind, blockchain technology eliminates third party intermediaries by creating permanent open recording of all online transactions. Therefore buyers and sellers can interact directly.

Bitcoin's price was down 1.4% to US $ 14,760 on Tuesday, January 9, 2018. Nevertheless, the digital currency has risen 1,500% in the past year.