'Bitcoin is a hyped-up fraud, it's a pet rock': says JP Morgan CEO Jamie Dimon

Summary by Ground News

Jamie Dimon, CEO of JP Morgan Chase, called bitcoin a "pet rock" in an interview with CNBC. Dimon also said he wasn't surprised by the collapse of crypto exchange FTX in November. The bitcoin price is $20,745.13, a change of -3.57% over the past 24 hours.

Published 2 months ago

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CNBC

JPMorgan's Jamie Dimon: Bitcoin is a 'hyped-up fraud'

Jamie Dimon, JPMorgan Chase chairman and CEO, joins 'Squawk Box' to discuss Dimon's thoughts on cryptocurrencies and the blockchain technology behind it.

2 months ago·United States

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The Telegraph

Bitcoin is a ‘hyped-up fraud’, says JP Morgan chief

Mr Dimon calls cryptocurrencies a ‘waste of time’ at the World Economic Forum

2 months ago·London, United Kingdom

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The Daily Caller

Jamie Dimon: ‘Bitcoin Itself Is A Hyped Up Fraud … A Pet Rock’

JP Morgan Chase CEO Jamie Dimon called bitcoin a "hyped up fraud" that is akin to owning "a pet rock" while on CNBC's "Squawk Box" on Thursday.

2 months ago·Washington, United States

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MarketWatch

'Bitcoin is a hyped-up fraud, it's a pet rock': says JP Morgan CEO Jamie Dimon

Chairman and CEO of JP Morgan Chase Jamie Dimon shared his thoughts about crypto and bitcoin on CNBC's Squawk Box on Thursday morning.

2 months ago·United States

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Mediaite

‘Totally Untrue’: Jamie Dimon Argues with CNBC Anchor After Calling Bitcoin a ‘Hyped-Up Fraud’

JPMorgan CEO Jamie Dimon clashed with CNBC host Joe Kernen about Bitcoin before telling him they should “drop the subject.” During a live interview at the World Economic Forum in Davos, Switzerland, Aaron Ross Sorkin mentioned Bitcoin to the longtime cryptocurrency critic. “We pretty much always have some crypto conversation with you,” Sorkin began. “I’m just curious because –” “I think all that’s been a waste of time,” Dimon interrupted. “And w…

2 months ago·United States

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unusualwhales.com

Bitcoin is a hyped-up fraud, it’s a pet rock: JP Morgan, JPM, CEO Jamie Dimon

‘Bitcoin is a hyped-up fraud, it’s a pet rock’ JP Morgan, $JPM, CEO Jamie Dimon has said. He also said: “How do you know it [Bitcoin] is going to stop at 21 million? Maybe it’s going to get to 21 million, and Satoshi’s picture is going to come up and laugh at you all.” His full quote: I think all that’s been a waste of time and why you guys waste any breath on it it’s totally beyond me,” Dimon said. “Bitcoin itself is a – is a hyped up fraud. It…

2 months ago

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