to buy it, you'll pay the price for it one day. The second quarter was also a weak one for JPMorgan's trading unit as revenue fell 14 percent during the period on a year-over-year basis. Dimon said third-quarter trading revenue will drop about 20 percent on a year-over-year basis. Squawk Box." "Just beware, he said. Bitcoin has already soared 315 percent this year. The finance moguls history with cryptocurrency has been chequered. I wouldn't put this high on the category of important things in the world. Bitcoin fell to its session lows after Dimon's comments. The interview was recorded Wednesday. Having caused a stir in September 2017 when he originally called Bitcoin a fraud, Dimon thereafter appeared to change tact, later saying he regretted his choice of words. Show chapters, jPMorgan Chase, cEO Jamie Dimon took a shot at bitcoin, saying the cryptocurrency "is a fraud." "It's just not a real thing, eventually it will be closed Dimon said Tuesday at the Delivering Alpha conference presented by cnbc and Institutional Investor.
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"It's worse than tulip bulbs. You know, just beware.". The digital currency has since soared above 19,000 on some online exchanges and was trading around 15,620 Friday, according to CoinDesk. As of 3:01.m. Image Credit: cnbc, the leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Fundstrat's Tom Lee said he sees bitcoin surging to 6,000 next forex robotti asetukset year and value investor, bill Miller reportedly owns bitcoin. "But as I've said previously, I'm open-minded to uses of cryptocurrencies if properly controlled and regulated.". Blockchain is the technology behind bitcoin. However, he added that he was not a skeptic regarding cryptocurrency. To be sure, while Dimon has been a bitcoin critic, he continues to be more positive on blockchain technology. "I don't want to be a bitcoin spokesman.P. Nouriel Roubini, who has also become known this year for his critical stance on Bitcoin.
Dimon will also be speaking later Tuesday at the. The latest remarks come after months of criticism from.
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