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Jamie Dimon is back on the bitcoin commentary bandwagon. Just a day after declaring on a third-quarter earnings call that he would refrain commenting on the cryptocurrency, the JPMorgan Chase CEO offered a critical take on those investing in bitcoin. "If you're stupid enough to buy it, you'll pay the price for it one day," he said today at an event hosted by the Institute of International Finance, according to a report from CNBC. During the event, he reportedly
JPMorgan Chase chief executive Jamie Dimon has said he won't be commenting on bitcoin anymore. It's a statement that comes a month after his now-infamous declaration that the cryptocurrency is a "fraud." As cited by CNBC, Dimon made the remarks during a third-quarter earnings call with reporters this morning. He reportedly said: "I wouldn't put this high on the category of important things in the world, but I'm not going to talk about bitcoin anymore." "I wouldn't put this
A day after it was reported that Wall Street investment giant Goldman Sachs is weighing whether to launch a bitcoin trading operation, its influential CEO took to Twitter to voice an open – yet decidedly neutral – position on the cryptocurrency. "Still thinking about bitcoin," CEO Lloyd Blankfein wrote on the social media platform, going on to say that he wasn't giving his approval or disapproval. Still thinking about #Bitcoin. No conclusion - not endorsing/rejecting. Know that folks also
JP Morgan CEO Jamie Dimon got support from an unlikely source today – Jordan Belfort, better known as the "Wolf of Wall Street." Speaking with TheStreet, Belfort said that he believes Dimon is right about his assertion that bitcoin is fraud, telling the news outlet: "I don't think it's a great model." That said, Belfort – who plead guilty to stock fraud and money laundering in 1999 and went on to write a book called "The Wolf of Wall
Trend forecaster and commentator Gerald Celente said in a new interview that he believes that banks are "afraid" of bitcoin. Speaking with TheStreet, Celente, who is the publisher of Trends Journal, argued that banks are fearful that bitcoin and cryptocurrencies will "take away their business," going so far as to argue they're "trying to kill it." But while this could be taken as an off-the-cuff comment, Celente appears very much convinced. "There's no two ways about it," he said.
Jamie Dimon is at it again. Expanding on his recent criticism of bitcoin, the CEO of JPMorgan Chase bank is again out in the media warning "it will end badly" for the tech. In a fresh round of press interviews, Dimon told CNBC he is concerned about a flood of cryptocurrencies – thanks to bitcoin, ethereum and initial coin offerings (ICOs) – and believes governments will soon crackdown on the phenomenon. Predicting that the scenario will not be pretty,
Banks are likely "afraid" of bitcoin and blockchain, a wealth advisor said today. Speaking with CNBC, Rainer Michael Preiss, executive director for Singapore-based Taurus Wealth Advisors, made his argument in the wake of comments from JPMorgan chief Jamie Dimon, who declared bitcoin "a fraud" earlier this month and predicted that it would "blow up". Preiss, according to the publication, said: "Of course, if you run a very large U.S. bank, most probably you are afraid of blockchain and bitcoin."
Bradley Tusk is the founder and CEO of Tusk Ventures , a venture capital firm that works with and invests in high-growth startups facing political and regulatory challenges. In this opinion piece, Tusk discusses what he feels is the hypocrisy in recent statements from JPMorgan CEO Jamie Dimon on bitcoin. Jamie Dimon made news again on Tuesday when he savaged bitcoin specifically and cryptocurrency generally, calling it a fad even worse than the tulip craze, and promising to fire
JPMorgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a "fraud" and saying he would fire any trader known to be trading the cryptocurrency. Dimon gave the remarks during an appearance at an event hosted by Barclays, according to reports from Bloomberg and CNBC. A long-time critic of bitcoin – he said that the cryptocurrency "will not survive" back in November 2015 when the price was fluctuating around the $400 level