Re: JPMorgan CEO Jamie Dimon has called the digital currency a "fraud"
JPMorgan CEO Jamie Dimon has called the digital currency a "fraud" and said people who invest in it are "stupid."
Why He Say This
Because he didn't profit from the cryptocurrency, he was just a stupid guy who was trying to short the market. Why He Say This
What's funny is that the Winklevoss twins challenged Jamie Dimon to short BTC if he truly feels that it's a fraud. It hasn't been done (more than likely due to speculation that it's) because Dimon probably doesn't truly feel that Bitcoin will fail.
Quote
Tyler called the JPMorgan Chase CEOs criticism of bitcoin cheap and added, We encourage Jamie Dimon, we encourage him to personally bet against it, bitcoin, take J.P. Morgan's balance sheet, bet against bitcoin. We'll see what happens.
Check this out to learn more about this challenge: http://www.foxbusiness.com/markets/2017/12/15/bitcoin-battle-winklevoss-twins-vs-jpmorgan-ceo-jamie-dimon.html