Published on October 12th, 2017 | by bitcoin0
After slamming Bitcoin, JP Morgan CEO invites Tech Guru to explain technology.
JPMorgan CEO Jamie Dimon’s recent attack on Bitcoin, which saw it slump in time with the Bitcoin exchanges banning announcements from China, is starting to unravel.
Dimon called Bitcoin a ‘fraud’ and said if he caught anyone trading it they would be fired from his company.
However, it has since emerged that there’s a lot of hypocrisy and conflict of interest in these statements.
Many have speculated that Dimon’s comments were a ploy to try and affect the market price of Bitcoin, however, that’s impossible to prove.
Stephens is still of the opinion that Dimon is simply being ignorant:
“The Blockchain and cryptocurrencies have elicited an emotional response from financial incumbents.