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Jamie Dimon breaks vow again: ‘Stupid’ Bitcoin buyers will pay the price

Well! Recently, JP Morgan chief executive Jamie Dimon has said he was “not going to talk about bitcoin anymore” but he again broke his silence to go on another memorable rant about cryptocurrency.

According to reports, on Friday at the event hosted by the Institute of International Finance, Dimon invective against bitcoin in response to a moderator question. He believes that blockchain technology is useful rather than non-fiat cryptocurrency “has no value”.

“I could care less about bitcoin. Dimon stated, I don’t know why I said anything about it and personally understand the value of something that has no actual value. You all can do whatever you want and I don’t care”.

Dimon has threatening to fire any employee who traded bitcoin, railed against the practice. He says that the price of bitcoin was being manipulated by speculators and he doesn’t care if any institutional investment firms such as Goldman Sachs are considering the cryptocurrency trading operations.

Related Coverage: Ad on WSJ by Cryptocurrency startup is a fun at Jamie Dimon

He added that anyone “stupid enough to buy [bitcoin] will pay the price for it one day”:

“I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you’re stupid enough to buy it, you’ll pay the price for it one day”. It can “trade at $100,000,” but it will eventually crash to zero. “Governments are going to crush it,” he opined”.

Finally, by retorting for the 5th time he has said he doesn’t care about Bitcoin.

“This is the last time I’m ever going to answer any questions about bitcoin, because I really don’t care.”

 

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Sara Noah

Sara Noah is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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