Jamie Dimon (CEO of JP Morgan) Calls Bitcoin A Fraud. I Guess He Is Just Sour That His "Bitcoin Killer" Cryptocurrency Patent Was Rejected 175 Times!steemCreated with Sketch.

in #cryptocurrencies7 years ago

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2017: Bitcoin 'is a fraud' that will 'blow up,' says JPMorgan Chase CEO Jamie Dimon
Speaking at a bank investor conference in New York, Dimon said, 'The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.'
http://www.dailymail.co.uk/news/article-4881554/Jamie-Dimon-Bitcoin-fraud-blow-up.html

2013: JPMorgan files patent for 'bitcoin killer' currency
The largest bank in the US, JPMorgan, has filed a patent for an electronic currency with many similarities to bitcoin.
http://www.telegraph.co.uk/technology/news/10510933/JPMorgan-files-patent-for-bitcoin-killer-currency.html

JPMorgan's "Bitcoin-Alternative" Patent Rejected (175 Times)
On August 5, 2013 JPMorgan Chase & Co (JPMorgan) filed an application for an electronic mobile payment system which has eerie similarities to the popular online currency Bitcoin. Unfortunately for JPMorgan, all of the claims, totaling 175 claims, as of October 18, 2013, for published US patent application 20130317984 (the ‘984 application) have been either cancelled or rejected.
http://www.zerohedge.com/news/2013-12-15/jpmorgans-bitcoin-alternative-patent-rejected-175-times

United States Patent Application: 20130317984 (JPMorgan Chase Bank, N.A. New York, NY, US)
patent.jpg
http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=20130317984&OS=20130317984&RS=20130317984


JP Morgan CEO Jamie Dimon Calls Bitcoin A "Fraud"... Then Buys Millions Worth Of Bitcoin In The Dip He Created
https://steemit.com/cryptocurrencies/@budz82/jp-morgan-ceo-jamie-dimon-calls-bitcoin-a-fraud-then-buys-millions-worth-of-bitcoin-in-the-dip-he-created

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It also doesnt hurt that the price dropped $1500 which coincided with JPM picking up 9000 bitcoins.

Never trust the banksters....they are always looking to swindle someone.

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