Bitcoin is the cryptocurrency that has exploded higher in value in two years. It is a favorite of hackers, black market deals, and criminals. But it is also a currency of the future. Still, Jamie Dimon doesn’t agree.
Addressing the Barclays conference, the JPMorgan CEO says he would fire any trader for having the “stupidity for trading bitcoin”. The craze, he says, is “worse than tulip bulbs.” He believes the currency is a fraud and will implode.