JPMorgan CEO Says BTC Is Fraudulent, a 'Pet Rock;' Bank of America Says CBDCs Are 'Natural Evolution'

JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a “natural evolution of today’s monetary and…

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