JPMorgan Chase CEO: Bitcoin is a hoax
JPMorgan Chase CEO James Dimon returned today to criticize bitcoin, calling it a “hoax,” and vowing to fire any trader if he finds out he is trading crypto.
Daimon, who spoke at the Barclays event, was quoted by Bloomberg and CNBC. Daimon is known as a longtime cryptocurrency fighter. It was he who, back in November 2015, said that cryptocurrencies would not be able to survive. Now, with double zeal, he began to criticize the cryptocurrency market and support those who say that Bitcoin is a bubble..
The news media quoted him as saying: “This is worse than tulip bulbs. It won’t end well. Someone will definitely be killed “.
After that, he added that cryptocurrencies will “explode,” according to CNBC. Among other things, he promised to fire any trader who trades bitcoins, “for stupidity”.
After his speech, some observers, including Bloomberg, noted that the bitcoin rate began to fall. In addition, the remaining doubts of traders about the possible closure of cryptocurrency exchanges in China could have a negative impact on Bitcoin, despite the fact that at least one such case is already known.
Now 1 BTC costs $ 4087. Over the past 24 hours, the drop was about 2%.
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