JPMorgan CEO Calls Bitcoin 'A Fraud' – Presented by: The Aol. On Network

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 author Robert Shiller, who predicted the housing and tech bubbles, recently doubled down on his similar view that bitcoin is a bubble as well, telling Quartz, “its the best example right now” of one.

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