If you told me 2 years ago that JP Morgan, whose CEO Jamie Dimon called Bitcoin a fraud, would be investing $20M in a crypto company-- I'd call bullshit. Yet, this is what's happening. (x-post from /r/Bitcoin)
JPMorgan Chase Starts Accepting Bitcoin Businesses for Banking Services. JPMorgan also recently recommended having cryptocurrency in investment portfolios as its CEO, Jamie Dimon, changed his mind about bitcoin.
03-19 13:24 - '"I don't look at recessions as a bad thing. I mean, it's bad for America. It's bad for the people that are unemployed. It's usually an opportunity for J.P. Morgan." - Jamie Dimon, CEO of the largest bank in the US' (twitter.com) by /u/Mongo91 removed from /r/Bitcoin within 65-75min
Bitcoin (BTC), Cryptocurrency, Wall Street–JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon might be the only one laughing as cryptocurrency prices continue to plummet. While investors across the space of cryptocurrency watch another day of double digit losses for Bitcoin and the larger altcoin market, the CEO of America’s largest bank has been vindicated in a few of his bearish ... J.P. Morgan Chase Chairman and CEO Jamie Dimon is backpedaling a bit on his earlier criticisms on cryptocurrencies. In September, Dimon called bitcoin a fraud. "I regret making" that comment, he ... But JPMorgan CEO Jamie Dimon believes that the price of Bitcoin doesn’t matter and that it will fail. In a recent conference, Jamie Dimon argued that people who invest in Bitcoin will “pay the price for it one day.” He further stated: The only value of bitcoin is what the other guy’ll pay for it. Honestly I think there’s a good chance ... JPMorgan Chase's decision to launch a crypto coin shows how blockchain poses a long-term threat to the traditional payment system. JPMorgan CEO Jamie Dimon renewed his criticism of bitcoin today, declaring that he believes it to be a "fraud".
Jamie Dimon, the CEO of JPMorgan Chase, had some harsh words on Bitcoin and Cryptocurrency, essentially calling it a fraud. But should you even care that the CEO of a $320 Billion Bank has ... Haha, this is a good one guys. Jamie Dimon who pays himself more than $31 million in salary gets grilled by congresswoman Katie Porter. Channel Sponser Data... Bitcoin "is a fraud" and will blow up, said Jamie Dimon, CEO of JPMorgan Chase & Co. He was speaking at a bank investor conference in New York. TOI : Subscribe to Times Of India's YouTube channel ... The "Squawk Box" crew discuss J.P. Morgan Chairman and CEO Jamie Dimon's latest comments on bitcoin and the trade war. » Subscribe to CNBC: http://cnb.cx/Sub... You can't make this stuff up. Just days after Jamie Dimon proclaimed that "Bitcoin is a Fraud!" and he would "Fire any trader that worked for him that bought...