“If you were a drug dealer, a murderer. . .” open an account at JP Morgan
By Simon Black - September 16, 2017
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 employs any Bitcoin traders, he responded-
“If we had a trader who traded Bitcoin, I’d fire them in a second,” calling any trader who deals in the cryptocurrency “stupid”.
He went on to say that Bitcoin is a “fraud” and “won’t end well”.
Now, Dimon is a brilliant executive and banker. He knows his stuff. But… fraud? Really?
My dictionary defines fraud as “wrongful or criminal deception intended to result in financial or personal gain.”
That term seems to more aptly describe the banking industry that Dimon represents.
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