Insights of JP Morgan`s CEO, Jamie Dimon fraud tag on bitcoin
Jamie Dimon is an american business executive and the CEO at JP Morgan`s chase bank ,the largest biggest bank in the united states of america.
Dimon made a speech about bitcoin where he labelled the cryptocurrency as fraud and also said he would fire any of the employees who is trading the cryptocurrency “bitcoin”.
"IF WE HAD A TRADER WHO TRADED BITCOIN I`D FIRE HIM IN A SECOND FOR TWO REASONS, ONE,IT IS AGAINST OUR RULES.TWO, ITS STUPID."
Jamie while speaking at CNBC ,who was asked why he tagged bitcoin as fraud, where he said that bitcoin is like a non existent currency being manipulated and can rise to a $100,000 and fall back rapidly.
He stated that the banks create currencies and controls it, and is keen to know whoever is behind any cryptocurrency.
Dimon made remarks on possibility of china shutting down all bitcoin exchanges after banning all ICOs and might soon ban bitcoin in china and it ends up shutting down.
He stated that
"IT IS WORST THAN TULIP BULBS .IT WON`T END WELL. SOMEONE IS GOING TO GET KILLED."
The price of bitcoin suffered a great setback after the comment by jamie dimon in conjunction with the tweet of charlie lee ,the creator of litecoin, where he tweeted..
"LOOKS LIKE THIS TIME CHINA FINALLY BANNED BITCOIN."
The two buzz came in almost at the same time and created huge sell orders for bitcoin which caused the price soar from $4,000 upwards to $3000, and put the market in an immediate blood bath.
jamie dimon also said that his daughter bought bitcoin and is always happy whenever the price is up, this maked me think why jamie dimon now earlier said that he was going to sack any of their staffs who had anything to do with bitcoin, whereas his daughter is a holder of the cryptocurrency.
The banks have mostly been attacking bitcoin and opposing the cryptocurrency, because it is most likely to put them off their job/work.
What do you think of jamie dimon`s fraud tag on bitcoin ? , let us know in the comment section below.
Just for fun , Bitcoin fires back at Jamie Dimon 😀
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