Published on September 16th, 2017 | by bitcoin0
mitcoin is amid
“There might have been an overreaction that is correcting itself,” Sam Doctor, quant strategist at Fundstrat Global Advisors, told The Post.
Earlier this week, JP Morgan Chase CEO Jamie Dimon called bitcoin a “fraud” and its investors “speculators” at an investor conference hosted by CNBC.
“If you’re in Venezuela or Ecuador, or North Korea, you’re better off probably using bitcoin than using their currency,” Dimon said.
The mammoth investment bank issued a scathing report on Bitcoin the day after Dimon’s remarks.
Bitcoin has also been hampered in recent weeks by moves the Chinese government made to curb its use.