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RE: JPMorgan CEO Jamie Dimon still doesn't understand cryptocurrency, thinks it's a fraud
Yeah, I read that article and I wonder a guy like him hated cryptocurrency. Could it be because he knew that it can be huge rival? He just said that its a fraud but is not giving reason why.
I'm pretty sure he understands the value of Bitcoin and sees it as a threat. It's a store of value that allows trustless exchange with no intermediaries required. JP Morgan is pushing their own for of Ethereum - https://www.jpmorgan.com/country/US/en/Quorum.