12 Sep '17, 5pm

JPMorgan CEO Jamie Dimon says bitcoin is a fraud that will eventually blow up

JPMorgan CEO Jamie Dimon says bitcoin is a fraud that will eventually blow up

JPMorgan Chase CEO Jamie Dimon took a shot at bitcoin , saying the cryptocurrency "is a fraud." "It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said at a banking industry conference organized by Barclays. "Currencies have legal support. It will blow up." Bitcoin fell to trade around its session lows after Dimon's comments. As of 2:05 p.m. in New York, bitcoin traded at $4,154.04, down 0.8 percent. Dimon's comments came at a time when some of the most well-known figures on Wall Street started to embrace the cryptocurrency. Fundstrat's Tom Lee said he sees bitcoin surging to $6,000 next year and investing legend Bill Miller reportedly owns bitcoin.

Full article: https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-...

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JPMorgan's Dimon says bitcoin 'is a fraud'

reuters.com 12 Sep '17, 7pm

NEW YORK (Reuters) - Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N ), ...

JPMorgan's Dimon says bitcoin 'is a fraud'

reuters.com 12 Sep '17, 6pm

NEW YORK (Reuters) - Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N ), ...

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