Jamie Dimon: Bitcoin Bad, Blockchain Good
J.P. Morgan CEO Jamie Dimon lit the Internet on fire yesterday after his comments on Bitcoin suggested the cryptocurrency is “a fraud” and that he would fire any employee trading bitcoin for being “stupid.”
At a CNBC/Institutional Investor Delivering Alpha conference, Dimon argued that governments will eventually crack down on digital currencies because cryptocurrency is being used for illicit purposes. This is not the first time he’s gone on a tirade about cryptocurrency. In 2015, Dimon attendedFortune’s Global Forum conference where he told attendees they were “You’re wasting your time” with Bitcoin.