RATE Group | JP Morgan CEO Jamie Dimon in 2017 calls bitcoin a ‘fraud’
72752
post-template-default,single,single-post,postid-72752,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

JP Morgan CEO Jamie Dimon in 2017 calls bitcoin a ‘fraud’

JP Morgan CEO Jamie Dimon in 2017 calls bitcoin a ‘fraud’

[ad_1]

As we get ready to say goodbye to the 2010s, CNBC.com is taking a look back at the key players, events and transformations from Wall Street to Silicon Valley to corporate America to the White House that shaped a “Decade of Disruption.” In the lead-up to New Year’s Day 2020, CNBC’s online journalists will be exploring the moments that defined the past 10 years for your money and set the table for the next decade and beyond.

This decade marked the mainstream emergence of bitcoin. Proponents bid up the world’s biggest cryptocurrency to dizzying heights and endured periodic crashes on the belief that it will one day replace gold as a store of value and actual money for purchases. Critics believe that bitcoin will do neither and call it a dangerous, modern day bubble like Holland’s tulip bulb mania in the 1630s.

Jamie Dimon, chairman and CEO of Wall Street banking powerhouse J.P. Morgan Chase, can be counted in the latter camp. In September 2017, about three months before bitcoin hit an…

[ad_2]

Source link