Jamie Dimon Slams Bitcoin as a ‘Fraud’

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Jamie Dimon Slams Bitcoin as a ‘Fraud’

Jamie Dimon Slams Bitcoin as a ‘Fraud’

Bloomberg-

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.”

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.”

[BLOOMBERG]

Photographer: Marlene Awaad/Bloomberg

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