Bitcoin slides after Jamie Dimon bashes the cryptocurrency
Advertisement
MI
Advertisement
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.
Advertisement
Get the latest Bitcoin price here.
NOW WATCH: The looming war between Alibaba and Amazon
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas