Former JP Morgan Trader says Dimon is talking about Bitcoin “Like a Fool” and should stop – Bitcoints

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Published on October 11th, 2017 | by bitcoin

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Former JP Morgan Trader says Dimon is talking about Bitcoin “Like a Fool” and should stop

Masters took an even firmer position against statements made by J.P. Morgan boss Dimon, who had warned of the dangers of digital currencies, saying that “bitcoin will eventually blow up.
It’s worse than tulip bulbs and won’t end well.” Masters told CoinDesk, referencing Dimon and J.P. Morgan’s












JPM, +0.75%










 overall position on bitcoin: “They either need to get with the program and support their clients who want to buy bitcoin, or they need to stop talking about it like a fool.
The words Wall Street CEOs are using to describe bitcoin A single bitcoin












BTCUSD, -1.67%










 on Tuesday, most recently, was up 2% at $4,869, near its all-time high around $5,000, with a total market value of $81 billion, representing about 52.3% of the total value of a broad swath of cybercurrencies tracked by CoinMarketcap.com.
By comparison, the Dow Jones Industrial Average












DJIA, +0.31%










has risen 15.5% so far this year, while the S&P 500 index












SPX, +0.23%










boasts a nearly 14% year-to-date return.
Separately, Eidoo, a cryptocurrency exchange, has taken out ads in The Wall Street Journal, referencing Dimon’s threat to fire any trader caught trading in bitcoin:























I wonder what the crossover is between cryptocurrency traders and readers of the print @WSJ https://t.co/P7y3nxIICv — Ben Eisen (@BenEisen) October 10, 2017



















Source: Www.marketwatch.com



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