Jamie Dimon Slams Bitcoin as a ‘Fraud’

Cryptocurrency Forum - Sep 13th 2017

  1. Penguin1

    Penguin1

    Joined:
    May 2017
    From:
    Kirkland, WA
    The price sure took a dip after this. Looks like it could be a good time to buy more. LOL

    JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.”

    The cryptocurrency “won’t end well,” he told an investor conference in New York on Tuesday, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.”

    [​IMG]

    If a JPMorgan trader began trading in bitcoin, he said, “I’d fire them in a second. For two reasons: It’s against our rules, and they’re stupid. And both are dangerous.”

    Bitcoin has soared in recent months, spurred by greater acceptance of the blockchain technology that underpins the exchange method and optimism that faster transaction times will encourage broader use of the cryptocurrency. Prices have climbed more than four-fold this year -- a run that has drawn debate over whether that’s a bubble.​

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  2. Penguin2

    Penguin2

    Joined:
    Sep 2017
    From:
    Kirkland WA
    This guy is such a fraud. I am thinking that his ridiculous statements might have caused some of the market loyalists to jump ship.
     
  3. Penguin1

    Penguin1

    Joined:
    May 2017
    From:
    Kirkland, WA
    Well, you know what they said about that whole "internet" thing. I mean, there's no way people are going to want their news via the computer more than a newspaper... LOL
     

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