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Jamie dimon is a US business executive and CEO of jpmorgan chase bank, the largest bank in the United States of America.
Dimon made a speech on Bitcoin where he labeled the cryptocurrency as a fraud and also said he would fire all jpmorgan employees caught trading in digital currency.
If we had a trader that traded bitcoin I fired it in a second for two reasons, one is against our rules.
Jamie while speaking with CNBC was asked why he tagged bitcoin as a fraud, he asserted that bitcoin is like a nonexistent currency being manipulated and can rise to $100,000 and fall back rapidly.
He stated that banks create coins and control it, and is eager to know who is behind any cryptocurrency. Dimon commented on the possibility of China shutting down all bitcoin exchanges after banning all icos and could soon ban bitcoin in China and it ends up closing.
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.”
Both buzzes came almost at the same time and created huge sales orders for bitcoin that caused the price drop from $4,000 to $3000, and bring the market to immediate bloodshed.
Jamie dimon also said that her daughter bought bitcoin and is always happy when the price is increasing, this makes me think why jamie dimon said earlier that he was going to fire any of their staff who had anything to do with bitcoin, whereas his daughter is holder of the cryptocurrency.
Large banks have been mostly attacking Bitcoin and opposing the cryptocurrency because it is most likely to move them.
