Then his company buys more BTC! Delusional or shrewd?
Jamie Dimon is at it again.
Expanding on his recent criticism of bitcoin, the CEO of JPMorgan Chase bank is again out in the media warning "it will end badly" for the tech. In a fresh round of press interviews, Dimon told CNBC he is concerned about a flood of cryptocurrencies – thanks to bitcoin, ethereum and initial coin offerings (ICOs) – and believes governments will soon crackdown on the phenomenon.
Predicting that the scenario will not be pretty, the CEO reportedly stated that authorities will eventually threaten users with imprisonment, forcing the cryptocurrencies onto a black market.