JPMorgan CEO Jamie Dimon Trashes Bitcoin as Fraud

[kreslik.news]

The CEO of JPMorgan Chase, Jamie Dimon, is the latest high profile personality to take a potshot at Bitcoin, saying that it is a fraud and will blow up eventually. He compared the craze to the tulip mania which rocked Holland in the 17th century when speculators pushed up the prices of virtually worthless tulips only to see it crash. He was speaking at an investor conference in New York on Tuesday.

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The price of Bitcoin has shot higher this year, moving ... (read more)