Trending

Chase CEO Calls Bitcoin ‘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” during CNBC’s “Squawk Box” on Thursday.
  • The panel was discussing Goldman Sachs before co-host Andrew Ross Sorkin brought up Bitcoin. “We pretty much always have some crypto conversation with you. I’m just curious because I don’t think we’ve talked to you since — ” Sorkin said.
  • “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’s a pet rock.”
Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.