JPMorgan boss, modern day robber baron, and man "who is richer than you", Jamie Dimon, wants you to know that he isn't about to take his Ferragamos off the throat of Bitcoin anytime soon.
Ten days after calling Bitcoin a "fraud" that will be "shut down" by governments and contending that he'll fire anyone caught trading it for "being stupid," Dimon was back on the offensive on Friday in New Delhi, India.
"Right now these crypto things are kind of a novelty. People think they're kind of neat. But the bigger they get, the more governments are going to close them down," Dimon said during an interview with CNBC-TV18 in New Delhi. "It's creating something out of nothing that to me is worth nothing," he added. "It will end badly."
He also praised the technology behind Bitcoin and tried - very patiently - to explain why these cryptocurrencies are going to zero, which they most certainly are. Here's the video:
Obviously, he's entirely correct.
So to the good folks at Blockswater (that would be the algorithmic liquidity provider that filed a market abuse report against Jamie with the Swedish Financial Supervisory Authority for "spreading false and misleading informa
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