Bitcoin Fires Back At JPMorgan Calling Him A Fraud ( 1:21sec VIDEO)
Bitcoin Fires Back At JPMorgan Calling Him A Fraud ( 1:21sec VIDEO)
JPMorgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a "fraud" and saying he would fire any trader known to be trading the cryptocurrency.
Dimon gave the remarks during an appearance at an event hosted by Barclays, according to reports from Bloomberg and CNBC. A long-time critic of bitcoin – he said that the cryptocurrency "will not survive" back in November 2015 when the price was fluctuating around the $400 level – Dimon aimed his remarks at the activity in the world's cryptocurrency markets and echoed those who've said that they're in bubble territory.
He was quoted as saying:
"It's worse than tulip bulbs. It won't end well. Someone is going to get killed."
It was also during that appearance that said that he would terminate any trader that he found to be trading bitcoin for being "stupid".
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