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Bitcoin Proponents Respond to JP Morgan Executive’s Statements

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Bitcoin proponents got fired up last week when JP Morgan executive Jamie Dimon called bitcoin a “fraud” and told the CNBC news outlet that cryptocurrency markets would end badly. Following Dimon’s opinions, many crypto-enthusiasts responded to the banker’s recent statements.

Also read: GMO to Invest 10 Billion Yen in Its Own 7nm, 5nm and 3.5nm Dedicated Bitcoin Chips

Former JP Morgan Senior Executive Tells Jamie Dimon to STFU About Trading Bitcoin Former JP Morgan executive Alex Gurevich tells Jamie Dimon to STFU about trading bitcoin.

JP Morgan executive Jamie Dimon is downplaying bitcoin again and this time calling the decentralized currency a “fraud.” Dimon told a CNBC broadcast that bitcoin markets would “blow up” and he would fire anyone from his team if they traded bitcoin. “It’s worse than tulip bulbs — It won’t end well,” explains Dimon to the news outlet. Following this statement cryptocurrency proponents everywhere made fun of Dimon’s opinion and reminisced on how he said relatively the same thing a few years ago.

Alex Gurevich, former JP Morgan senior executive disagreed with Dimon’s opinion stating to his Twitter followers;

Jamie, you’re a great boss and the greatest of all-time (GOAT) bank CEO. You’re not a trader or tech entrepreneur. Please, STFU about trading bitcoin. The cryptocurrency community responds to Jamie Dimon’s statement that bitcoin was a “fraud.” John McAfee: Bitcoin is Certainly Not a Fraud MGT Capital’s John McAfee.

A few days later on CNBC’...

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