Jamie Dimon Slams Bitcoin as a ‘Fraud’ Dimon compares bitcoin to tulip mania, predicting a collapse Still, he says, it’s a good option for murderers, drug dealers JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York on Tuesday, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” If a JPMorgan trader began trading in bitcoin, he said, “I’d fire them in a second. For two reasons: It’s against our rules, and they’re stupid. And both are dangerous.” Bitcoin has soared in recent months, spurred by greater acceptance of the blockchain technology that underpins the exchange met
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