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 Bitcoin 'is a fraud', says JPMorgan's crony-capitalist Jamie Dimon

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RR Phantom

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PostSubject: Bitcoin 'is a fraud', says JPMorgan's crony-capitalist Jamie Dimon    Tue Sep 12, 2017 9:22 pm

Bitcoin "is a fraud" and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co , said on Tuesday.



Speaking at an investor conference in New York, Dimon said, "The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart."

http://www.smh.com.au/business/markets/jpmorgans-jamie-dimon-says-bitcoin-is-a-fraud-20170912-gyg7de.html
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CovOps

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PostSubject: Re: Bitcoin 'is a fraud', says JPMorgan's crony-capitalist Jamie Dimon    Tue Sep 12, 2017 9:35 pm

Quote :
Dimon said, "The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart."

Oh, you mean just like fiat-currencies?

Now...

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Bitcoin 'is a fraud', says JPMorgan's crony-capitalist Jamie Dimon

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