Bitcoin is a 'fraud worse than tulip bulbs' says JPMorgan CEO Jamie Dimon

Bitcoin’s recent surge has defied expectations as more and more people jump on the cryptocurrency bandwagon. It also helps that ICOs or Initial Coin Offerings have taken off. ICOs are a way for startups to raise funding through cryptocurrencies. Not everyone is bullish on Bitcoin, though. The CEO of one of the largest financial institutions on the planet believes that Bitcoin is a fraud that will eventually “blow up.” Bitcoin’s price has taken a hit recently after China banned ICOs as it considers them a mode of illegal public financing. The comments from JPMorgan Chase’s CEO haven’t helped as well.Speaking at the Delivering Alpha Conference this week, JP Morgan Chase CEO Jamie Dimon said that Bitcoin is a fraud and that it’s not a real thing.He recently compared Bitcoin to the infamous Tulip Mania from the 1630s, saying that “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed. Currencies have legal support. It will blow

Bitcoin is a 'fraud worse than tulip bulbs' says JPMorgan CEO Jamie Dimon

Mr Dimon predicted big losses for bitcoin buyers. 'Don't ask me to short it. It could be at $20,000 before this happens, but it will eventually blow up.' he said.

Wed 13 Sep 17 from The Independent

Bitcoin Panic Sets In As Cryptocurrency Plummets Below $3,000

Bitcoin is living up to its billing as a volatile currency. It was a big deal last month when Bitcoin first flirted with a $2,900 valuation. Just a couple of weeks later, it jumped past the ...

Fri 15 Sep 17 from HotHardware

JPMorgan Chase CEO Predicts Bitcoin Is A Fraud That Will ‘Blow Up’

Bitcoin’s recent surge has defied expectations as more and more people jump on the cryptocurrency bandwagon. It also helps that ICOs or Initial Coin Offerings have taken off. ICOs are ...

Wed 13 Sep 17 from Ubergizmo

Bitcoin slides on 'fraud' warning from JPMorgan's Dimon

LONDON (Reuters) - Bitcoin slid by more than 10 percent on Wednesday, as investors sold the cryptocurrency after a warning by JPMorgan Chief Executive Jamie Dimon that it "is a fraud" and will ...

Wed 13 Sep 17 from Reuters Technology

JPMorgan CEO Claims Bitcoin And All Cryptocurrencies Are Frauds That Will Eventually Be Shut Down

There has been a run on cryptocurrencies in the past year or so, especially when it comes to Bitcoin and Ethereum. The latter has especially been popular, with enthusiasts quickly gobbling ...

Wed 13 Sep 17 from HotHardware

Bitcoin is a fraud that will blow up, says JP Morgan boss

Jamie Dimon claims cryptocurrency is only fit for use by drug dealers, murderers and people living in North KoreaBitcoin is a fraud that will ultimately blow up, according to the JP Morgan boss ...

Wed 13 Sep 17 from Guardian.co.uk

Bankers’ mistrust of bitcoin is still the greatest argument for it

 Earlier on Tuesday, at different conferences around New York, JPMorgan Chase chief executive Jamie Dimon took aim at bitcoin, calling the cryptocurrency “a fraud” and “worse ...

Wed 13 Sep 17 from TechCrunch

JPMorgan's Dimon says bitcoin 'is a fraud'

NEW YORK (Reuters) - Bitcoin "is a fraud" and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co , said on Tuesday.

Tue 12 Sep 17 from Reuters Technology

JPMorgan's Dimon says bitcoin trading 'is a fraud'

NEW YORK (Reuters) - Bitcoin trading "is a fraud" and will blow up, Jamie Dimon, chief executive officer of JPMorgan Chase & Co said on Tuesday.

Tue 12 Sep 17 from Reuters Technology

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