Jamie Dimon is not a fan of Bitcoin. In fact, he’s called it a “fraud” and says that people who buy it are “stupid.
” Dimon made his remarks at a conference in New York on Wednesday, and his comments sent the price of Bitcoin tumbling.
Dimon said that he would fire any trader who was stupid enough to trade Bitcoin, because it’s not a real currency. He also said that he regretted not buying Bitcoin when it was first created, because he could have made a lot of money if he had.
NOTE: This article contains the opinions of Jamie Dimon regarding Bitcoin and other cryptocurrencies. Please be aware that these opinions are his own, and do not necessarily reflect the views of other individuals or organizations. As such, the contents of this article should not be taken as investment advice. Investing in cryptocurrency carries a high level of risk and may not be suitable for all investors. Before making any decisions regarding investments, you should always seek professional advice from a qualified financial advisor.
Despite Dimon’s remarks, there are still plenty of people who believe in Bitcoin. The digital currency has seen its price skyrocket this year, and it’s now worth more than gold.
There are also plenty of businesses that accept Bitcoin, so it’s not going away anytime soon.
Conclusion: Jamie Dimon’s comments about Bitcoin sent the price of the digital currency tumbling, but there are still plenty of people who believe in it.
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J.P. Morgan Chase & Co. (JPM) CEO Jamie Dimon said he regretted calling bitcoin a “fraud.”.
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In the past few years, Harry Dent has been one of the most vocal critics of Bitcoin. He’s called it a “bubble” that’s about to burst, and he’s predicted that the price of Bitcoin will eventually crash to zero. So, what does Harry Dent say about Bitcoin?
In 2017, JPMorgan Chase CEO Jamie Dimon called bitcoin a “fraud” and said he would fire any employee trading it for being “stupid.” But the bank he leads is now developing its own cryptocurrency. JPMorgan is set to launch a digital coin called JPM Coin later this year, becoming the first major U.S. bank to develop its own cryptocurrency.
Morgan Stanley, one of the largest investment banks in the United States, has released a report on Bitcoin entitled “Bitcoin Decrypted: A Brief Teach-In and Implications for the Investor.” The report is authored by Sheena Shah, head of technology research for the bank. In the report, Shah acknowledges that Bitcoin has come a long way since its inception in 2009, and that its underlying blockchain technology has the potential to revolutionize how we store and transfer value. However, she also warns that Bitcoin is still a very volatile asset, and that investors should be cautious when considering investing in it.
