JPMorgan has been a longtime naysayer of cryptocurrencies such as Bitcoin with their chief executive Jamie Dimon called Bitcoin a “fraud” and “worse than tulip bulbs” back in September 2017.

During a 2017 investors meeting, Mr Dimon is also reported to have said he would fire any employee trading Bitcoin on company accounts.

However, it seems in more recent times that JPMorgan is starting to take notice of Bitcoin and other cryptocurrencies. Speaking with US television channel CNBC, co-president of JPMorgan Chase & Co DANIEL Pinto said of Bitcoin:

If over time an asset class develops that is going to be used by different asset managers and investors, we will have to be involved.

Let’s be fair; this isn’t exactly a glowing recommendation for the cryptocurrency, however it does sound like a begrudging apology to previous statements made by the company. It also sounds like a reluctant agreement that crypto is not something to be ignored.

These latest comments are not the first indications that JPMorgan might be working on a shift in opinion when it comes to crypto – around this time last year, the bank added its first crypto exchange customers and also reportedly held clandestine meetings with the boss of major Bitcoin and crypto exchange (And soon to be listed on NASDAQ), Coinbase.