JPMorgan Chase CEO Jamie Dimon regrets calling bitcoin a fraud, but he still harbors doubts about the popular cryptocurrency’s future.

“I just have a different opinion than other people,” Dimon told Fox Business in an interviewed broadcast on Tuesday. Governments have a vested interest in controlling their money supply, he noted, and he remains concerned about how they’ll react if digital coin poses a threat to sovereign currencies.

Recommended Stories

Treasury to recommend issuing ‘digital dollar’

Facebook vows Libra won’t compete with government currencies

Trump to launch his own Bitcoin ETF