Billionaire Bitcoin Investors Winklevoss Twins Dare JPMorgan CEO to Short BTC

In an interview with Fox Business, Tyler and Cameron Winklevoss have challenged JPMorgan CEO Jamie Dimon to short bitcoin on the futures market if he remains confident that bitcoin will fail in the long run.

“We’ve been working really hard to give Jamie Dimon an opportunity to short bitcoin, and anybody who says that you know, it’s a fraud or a bubble, you can go now [and] put your money where your mouth is, and bet against it,” said Cameron.

Does Jamie Dimon Really Believe Bitcoin is Bad?
On December 14, the Chicago Board Options Exchange (CBOE) became the first major options exchange and financial institution to list bitcoin futures in partnership with Gemini, a major US-based regulated cryptocurrency exchange run by the Winklevoss twins.

The listing of bitcoin futures by CBOE and Gemini immediately provided a platform and sufficient liquidity for large-scale investors to either invest in bitcoin or short the cryptocurrency. Through the CBOE futures market, Cameron Winklevoss dared Dimon to short bitcoin and bet against the long-term performance of the cryptocurrency if he actually believes that bitcoin is a scam and a fraud as he said before.

Several renowned analysts and experts in the cryptocurrency sector including Ari Paul, the co-founder of Blocktower Capital, do not believe that Jamie Dimon sees bitcoin as a scam or a money laundering tool. Rather, Paul believes that Dimon understands bitcoin better than most people in the market but is purposely misleading the public because he considers bitcoin as a threat to their dominance over the global offshore banking industry.

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