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Bitcoin is a fraud that will blow up, says JP Morgan boss (2017)
- miles 6y agoThe article is from 2017; Dimon recanted shortly afterwards: Jamie Dimon says he regrets calling bitcoin a fraud and believes in the technology behind it https://www.cnbc.com/2018/01/09/jamie-dimon-says-he-regrets-calling-bitcoin-a-fraud.html https://www.cnbc.com/2018/01/09/jamie-dimon-says-he-regrets-... though he still has reservations as of November 2020: ‘Not My Cup of Tea’: Jamie Dimon Is Still Not a Bitcoin Fan https://www.coindesk.com/jamie-dimon-bitcoin-blockchain-dealbook-event https://www.coindesk.com/jamie-dimon-bitcoin-blockchain-deal...
- ianai 6y agoCan it blow up when there are so many people using it for money laundering? That’s a pretty big ocean of cash propping up its value.
- ObserverNeutral 6y agoI think Jamie is going for the old social short to hedge the financial long. Although for a billionaire like him the loss of social reputation if he's wrong might hurt more than say some extra 100M if his long financial bet on BTC turns out to be right.
- mimixco 6y agoTesla's recent financials certainly show one thing. Tulips or not, there's money to be made in Bitcoin.
- GauntletWizard 6y agoNobody has ever argued that it's impossible to make money in a Ponzi scheme, just that it's not a long-term money-making proposition.
- deleted 6y ago[deleted]
- cyanydeez 6y agoit is blowing up. something something, longer than you can stay liquid