JAMIE DIMON: Bitcoin is a fraud that's 'worse than tulip bulbs'

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JPMorgan CEO Jamie Dimon says bitcoin is worse than the most infamous asset bubble in history.

The cryptocurrency is "worse than tulip bulbs" according to Dimon, who was speaking at a Barclays Conference on Tuesday according to Bloomberg. He added that "it's a fraud" which will eventually blow up.

Dimon said he would fire any trader that transacted bitcoin for being stupid.

More to come ...

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