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Jamie Dimon Slams Bitcoin as a ‘Fraud’

  • Dimon compares bitcoin to tulip mania, predicting a collapse
  • Still, he says, it’s a good option for murderers, drug dealers
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.”

The cryptocurrency “won’t end well,” he told an investor conference in New York on Tuesday, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.”