Tag Archives: Dimon

Wall Street Analyst Rejects Jamie Dimon’s Bitcoin ‘Fraud’ Critique

Wall Street Analyst Rejects Jamie Dimon’s Bitcoin ‘Fraud’ Critique

A senior analyst for Macquarie Group has pushed back against some of the criticism of bitcoin coming from Wall Street figures like JPMorgan Chase CEO Jamie Dimon. In a new note to clients obtained by Business Insider, Viktor Shvets, head of global and Asia-Pacific equity strategy for Macquarie, wrote that in spite of any “extreme speculation”, bitcoin […]

John McAfee challenges Jamie Dimon’s bitcoin skepticism

John McAfee challenges Jamie Dimon’s bitcoin skepticism

John McAfee on Wednesday challenged JPMorgan CEO Jamie Dimon‘s skepticism of bitcoin. Dimon on Tuesday called bitcoin a “fraud” that will eventually blow up. McAfee, whose company MGT Capital Investments mines the cryptocurrency, said he respects Dimon and people in his position “are not idiots,” but he challenged Dimon’s criticism. “You called bitcoin a fraud,” […]

Correction Not a Crash: Bitcoin Price Eyes $3,000 as Traders Take Profits

Correction Not a Crash: Bitcoin Price Eyes $3,000 as Traders Take Profits

The bitcoin-US dollar exchange rate fell below $4,000 on Tuesday, extending losses in the overnight trade to hit a three-week low of $3,781. At press time, the cryptocurrency is trading at $3,844 levels, which amounts to a 25% drop from the record high of $5,000 hit on September 2. Perhaps more notably, month-on-month, the BTC […]

JP Morgan’s Jamie Dimon: Bitcoin Is a ‘Fraud’

JP Morgan’s Jamie Dimon: Bitcoin Is a ‘Fraud’

JPMorgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a “fraud” and saying he would fire any trader known to be trading the cryptocurrency. Dimon gave the remarks during an appearance at an event hosted by Barclays, according to reports from Bloomberg and CNBC. A long-time critic of […]