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.

Related Videos

Most Popular Videos

Latest Videos

Comments

comments

Filed in: Mainstream Bitcoin Tags: ,

You might like:

Welcome to Bitcoin Country: Silk Road and the Lost Threads of Agorism Welcome to Bitcoin Country: Silk Road and the Lost Threads of Agorism
Better in Byzantium? Ethereum Takes Baby Steps Toward a Privacy Boost Better in Byzantium? Ethereum Takes Baby Steps Toward a Privacy Boost
Money Manager Josh Brown: 'ICOs Are Where The Frauds Will Take Place' Money Manager Josh Brown: 'ICOs Are Where The Frauds Will Take Place'
EU Budget Amendments Call For Millions in Blockchain Funding EU Budget Amendments Call For Millions in Blockchain Funding
ICO Creator And Coinme Team Up To Spread Bitcoin ATMs ICO Creator And Coinme Team Up To Spread Bitcoin ATMs
China shutting down Bitcoin exchanges China shutting down Bitcoin exchanges
Hackers Lock Out iPhone And Mac Users, Demand Bitcoin Ransom: Here's How To Stay Safe Hackers Lock Out iPhone And Mac Users, Demand Bitcoin Ransom: Here's How To Stay Safe
BRIEF-Evolve Funds Group says it has filed a preliminary prospectus with Canadian securities regulators for Evolve Bitcoin ETF BRIEF-Evolve Funds Group says it has filed a preliminary prospectus with Canadian securities regulators for Evolve Bitcoin ETF
© 2017 Virtual Mining Bitcoin News. All rights reserved. XHTML / CSS Valid.