Bitcoin slides after Jamie Dimon bashes the cryptocurrency
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Jamie Dimon, the CEO of JPMorgan, called bitcoin "a fraud" and "worse than the tulip bulbs" bubble of the 1700s while speaking at the Barclays Financial Services Conference.
Bitcoin is down over $100 since Dimon made his comments, trading lower by 2% at $4,140 a coin. Still, it's up over 350% this year.
Dimon went on to say that he would fire any trader using the cryptocurrency for being stupid, according to Bloomberg.
Ouch.
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