12 Sep '17, 8pm

Jamie Dimon calls bitcoin a 'fraud'

I lived on bitcoin for 24 hours JPMorgan Chase CEO Jamie Dimon did not mince words when asked about the popularity of virtual currency bitcoin. Dimon said at an investment conference that the digital currency was a "fraud" and that his firm would fire anyone at the bank that traded it "in a second." Dimon, speaking at a Barclays investment conference Tuesday, said he supported blockchain technology for tracking payments but that trading bitcoin itself was against the bank's rules. He added that bitcoin was "stupid" and "far too dangerous." Bitcoin prices fell slightly -- about 2% -- on Tuesday following Dimon's remarks. But the price of one bitcoin is still up an astonishing 335% this year. One bitcoin is currently worth about $4,115. Dimon warned that bitcoin prices will remain very volatile and could be hurt if countries crack down on their use, as China has recently don...

Full article: http://money.cnn.com/2017/09/12/investing/jamie-dimon-bit...

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businessinsider.de 12 Sep '17, 6pm

asdf Markets Insider JPMorgan CEO Jamie Dimon says bitcoin is worse than the most infamous asset bubble in history. The cr...

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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid...

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