JPMorgan’s CEO Termed Cryptocurrency a Rip-off and Calls on Authorities to Shut it Down – Bitzamp

JPMorgan CEO Jamie Dimon reiterated his bullish stance on Blockchain expertise and returned to his extra important feedback about Bitcoin, calling the cryptocurrency a “rip-off” and saying he had “no curiosity” in it.

In keeping with Dimon, Since governments are unable to regulate these cryptocurrencies, they need to be shut down by them.

His phrases have been quickly repeated in each the mainstream press and on-line by outstanding financial sources who know him for his important stance on Bitcoin.

Whereas Dimon has continued to be in opposition to cryptocurrency, Bitcoin’s official place with JPMorgan appears to vary.

In earlier statements, nevertheless, the funding banking chief was much more verbose, at numerous occasions castigating bitcoin as a “fraud” and lambasting its supporters as “silly” for investing in an asset that's “price nothing.” He had then stated that he would hearth any worker he founds buying and selling bitcoin for being ‘silly.’

JPMorgan’s CEO Termed Cryptocurrency a Rip-off and Calls on Authorities to Shut it Down

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