CEO of JP Morgan calls bitcoin "a fraud", bitcoin fell by 11% after his comments
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The CEO of JP Morgan Jamie Dimon has called the bitcoin 'a fraud' at an investor conference in New York. He didn't stop there and added that if any JP Morgan trader invested in bitcoin, 'he would terminate them in a second, for 2 reasons- it's against their rules and they are stupid; both are dangerous'. He had earlier criticized the currency saying it wasn't going anywhere & was a poor store of value.