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.
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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’...