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Jamie Dimon bashes bitcoin again, says cryptocurrencies 'are kind of a novelty'

Business Insider Friday, 22 September 2017
Jamie Dimon bashes bitcoin again, says cryptocurrencies 'are kind of a novelty'JPMorgan CEO Jamie Dimon doubled down on his anti-bitcoin position, calling cryptocurrencies like bitcoin a 'kind of novelty.'

While talking to CNBC India on Friday, the billionaire banker said the recent proliferation of initial coin offerings, a red-hot cryptocurrency-based fundraising method, and digital coins like bitcoin...
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Source: Wochit Business - < > Embed

News video: JPMorgan CEO Calls Bitcoin 'A Fraud'

JPMorgan CEO Calls Bitcoin 'A Fraud' 00:36

This week, JPMorgan CEO Jamie Dimon said that cryptocurrency bitcoin is "worse than tulip bulbs," and will eventually blow up because it is "a fraud." Despite Bitcoin exploding in popularity this year, particularly in Asia, Dimon says its rally "wont end well." In addition to Dimon, Nobel-winning...

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