GUEST: At the annual Delivering Alpha Conference on September 12, JPMorgan Chase CEO Jamie Dimon kicked up a storm by describing Bitcoin (BTC) as “a fraud” that “will eventually be closed.” He went further to warn that he would fire any JPMorgan staff member who traded bitcoins: “It [bitcoin] is worse than tulip bulbs. It won’t end […]
Jamie Dimon says American companies need tax cuts to be competitive. They don't. If they did, they wouldn't have so much cash to blow on executive compensation and financial engineering. Jamie Dimon, the CEO of JPMorgan Chase — the biggest...Show More Summary
Ray Dalio, the founder of the world's largest hedge fund, has joined the ranks of JPMorgan CEO Jamie Dimon and other top Wall Streeters who think bitcoin, the red-hot cryptocurrency, is in a bubble. While speaking on CNBC's Squawk Box...Show More Summary
All is fair in love, war and markets. I own some Bitcoin and Jamie Dimon yelled fraud last week. In the course of a few days, Bitcoin fell 30 percent. Today Wall Street Journal is calling it a ZERO. Jesus H. Christ! I also owned some $UBNT and today Citron research called ‘fraud’ on them. Show More Summary
Authored by Aaron Brown via Bloomberg.com, The problems cryptocurrencies help solve will not disappear if their prices collapse the way tulip futures did in the 17th century. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon made...Show More Summary
Over the weekend, a tweet, which suggested JPMorgan was buying up a product tied to the success of bitcoin, sent shockwaves through the cryptocurrency community. But like most outrage on the internet, it was unwarranted. The screenshot,...Show More Summary
Is cryptocurrency a fraud? Jamie Dimon thinks it is, but I disagree and think cryptocurrency will grow and grow.
JPMorgan Chase’s chief executive may be pessimistic about the worth of digital currencies. But an investor says, he isn’t seeing the full picture.
Unless you have been living under a rock for the past week, you will be well aware of JPMorgan CEO Jamie Dimon's panicked outburst with regard the 'fraud' that Bitcoin's 'tulip-like' bubble is. To paraphrase: "It’s a fraud. It’s making stupid people, such as my daughter, feel like they’re geniuses. Show More Summary
Bitcoin also has been buffeted by negative comments from Wall Street giants such as J.P. Morgan CEO Jamie Dimon.
Via ValueWalk.com, I spent nearly six years on the derivatives desk at JP Morgan here in Hong Kong. I held the CEO Jamie Dimon in extremely high regard, as I think did most other employees, and many others in the finance industry. He’s...Show More Summary
Authored by Simon Black via SovereignMan.com, On Tuesday afternoon, Jamie Dimon, the CEO of banking giant JP Morgan, let loose on Bitcoin. He was speaking at the Barclays Financial Services conference, and when asked whether his bank...Show More Summary
Authored by Charles Hugh Smith via OfTwoMinds blog, This is the begging-for-the-overthrow-of-a-corrupt-status-quo economy we have thanks to the Federal Reserve giving the J.P. Morgans and Jamie Dimons of the world the means to skim and...Show More Summary
``On Tuesday afternoon, Jamie Dimon, the CEO of banking giant JP Morgan, let loose on Bitcoin.... Now, Dimon is a brilliant executive and banker. He knows his stuff. But... fraud? Really? My dictionary defines fraud as "wrongful or criminal...Show More Summary
This is the begging-for-the-overthrow-of-a-corrupt-status-quo economy we have thanks to the Federal Reserve giving the J.P. Morgans and Jamie Dimons of the world the means to skim and scam the bottom 95%.Dear Jamie Dimon: quick quiz:...Show More Summary
Trista Bonds saw it coming. As a manufacturing and engineering teacher on Chicago’s South Side, Trista recognized early on that traditional manufacturing jobs were going away and new roles would require more training and education. Naturally, she wanted to make sure her students were prepared to work at factories of the future. Fast forward to today. Show More Summary
JPMorgan boss Jamie Dimon has not minced his words when it comes to the cryptocurrency.
JP Morgan Chase & Co. CEO Jamie Dimon’s declaration that he would fire any JPM traders whom he knew were trading bitcoin unexpectedly ranked among the most popular stories on several respected financial media websites – despite stiff...Show More Summary
Authored by Mike Krieger via Liberty Blitzkrieg blog, I’m really grateful JP Morgan CEO Jamie Dimon decided to once again lash out in anger at Bitcoin, as it provides us with ample opportunity to highlight a practice very near and dear to how the bank operates. Show More Summary
JP Morgan CEO Jamie Dimon set off a market slide when he called Bitcoin a “fraud” that would “blow up” earlier this week at a conference. The price of Bitcoin – already slumped over 10 percent off word China may ban cryptocurrency – further dropped to $3,772, the lowest it’s been in a month, after Dimon’s remarks. Show More Summary