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24 Jan '14, 1pm

Branson on bitcoin: Take that, Mr. Dimon

Sir Richard Branson says there will be a global currency—whether its bitcoin or something else—that will "take on Jamie Dimon and the other banks." The billionaire entrepreneur spoke Friday in a CNBC interview from the World Economic Forum a day after JPMorgan CEO Dimon and Treasury Secretary Jack Lew expressed skepticism about the digital currency . (Read more: Lew says Dimon and I share 'incredulity' on bitcoin ) "The idea is very exciting. I think having a global currency where you don't have to spend all the money changing your currencies is admirable and whoever is behind bitcoin was brilliant," the Virgin Group founder told "Squawk Box " in Davos, Switzerland. "It was a brilliant first step."

Full article: http://www.cnbc.com/id/101361590

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