JP Morgan’s CEO is wrong: bitcoin is here to stay | Dominic Frisby
Would Jamie Dimon really sack traders who netted a 1,000% return in less than two years? The bank’s shareholders wouldn’t approve
by Dominic Frisby
Sep 15, 2017
3 minutes
It is a “fraud”, the JP Morgan CEO, Jamie Dimon, said this week. “It’s worse than tulip bulbs … it will be the emperor with no clothes”. He was talking about the internet cash system bitcoin.
It will eventually “blow up”, he said, it’s not a “real thing”. “It will be closed.” Any JP Morgan trader caught buying or selling bitcoins will be “fired in a second” – for “being stupid”, he added.
will always divide opinion – as a non-government system of money, inevitably so. Its most ardent supporters think it will
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