JPMorgan Chase CEO Calls Bitcoin A ‘Fraud’

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JPMorgan Chase CEO Jamie Dimon said at an investment conference that the digital currency known as Bitcoin was a “fraud” and that his firm would fire anyone at the bank that traded it “in a second.”

Dimon, speaking at a Barclays investment conference Tuesday, said he supported blockchain technology for tracking payments but that trading bitcoin itself was against the bank’s rules. He added that bitcoin was “stupid” and “far too dangerous.”

Bitcoin prices fell slightly — about 2% — on Tuesday following Dimon’s remarks. But the price of one bitcoin is still up an astonishing 335% this year. One bitcoin is currently worth about $4,115. Read more at CNN.

{Matzav.com}

 

7 COMMENTS

  1. JPMorgan Chase and CEO Jamie Dimon are Eearsxpert Fraudsters for many years, so they are just showing their jealousy ! Look at the Multi-Billion Dollar Fines th e Gov imposed om them for their mortgage Frauds!!

  2. What makes a government issued currency, not any more backed by precious metals, valuable? Market’s trust and desire to use it as a store of value and a medium of exchange. Which is the same case with Bitcoin, hence Bitcoin is not intrinsically worse than a government issued currency. However, Bitcoin is a grave threat to the fascist-socialist plan: it negates the government’s big brother plan to take away cash from the circulation in order to be able to monitor the resulting electronic transactions, it takes away the US government’s ability to use the scale of the US banking system as means of enforcing its will unto other free world governments and banking systems, and more importantly it takes away government’s print-as-much-cash-as-needed tool used for the socialist state’s Ponzy scheme of spending without regard to revenue. The contemporary big corp CEOs are very well connected to the government and usually espouse the fascist-socialist ideology. So, it is no wonder that a big bank CEO is whining about Bitcoin. Don’t be surprised if the gubmit takes a page from the “War on Drugs”, makes Bitcoin illegal, then uses the “War on Bitcoin” as an excuse to censor internet and monitor every aspect of our spending.

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