JPMorgan’s CEO says bitcoin ‘is a fraud’

Bitcoin “is a fraud” and will blow up, said Jamie Dimon, CEO of JPMorgan Chase & Co. He was speaking at a bank investor conference in New York. TOI : Subscribe to Times Of India’s YouTube…


  1. You see, people don't understand that in the last instance bitcoins are used only to purchase illicit things, big retailers don't use bitcoin, only fraudulent and criminal sites, people who mine and sell bitcoins are actually promoting crime.
    This they don't tell you.

  2. not only did he say this… but jp morgan chase bought 57 million dollars worth of bitcoin 2 days after saying it… over 19000 was purchased by jp morgan chase 2 days after his statement

  3. If you really want to know what's going on in this world and want hope and assurance then please subscribe to this channel dockidds on YouTube please spread this channel to others so they can see it too……..

  4. He is Right!!! Bitcoin is a crypt currency built on FRAUD. Thousands of Fraudulent websites scamming people worldwide to create a false demand for something that can be taken away by a key stroke!!!!

  5. Bitcoin IS a fraud under the old paradigm. Notice he just emplemnted punitive measures without any explanation as to HOW it is a fraud. I personally dont invest in BITCOIN because if there is no power, you have no money. Imagine if FLORIDA only had Bitcoin right now? I give credit to all the effort being made in creating a new paradigm, but so long as we feel one can have more than the other of ANYTHING, we will always have the same social ills?

  6. He is right….what moron buys and pays for made up money…and when u get ripped off…who are u going to complain too….the bit coin bank?..what are u trying to hide?…its all a fraud….hey i got some Monopoly money for sale if anybodys interested.😂😂😂😂

  7. That's because frauds like him are terrified of losing control over the world. No wonder they'll try their best to bring it down. Upside to this is that late investors can benefit from the drop. Only idiots will retreat.

  8. (0:17) – "You can't have a business where people can invent a currency out of thin air and think that its buyers are smart." He's obviously talking about the Federal Reserve, not Bitcoin.

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