JP Morgan CEO believes bitcoin is a «fraud»

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JPMorgan Chase CEO Jamie Dimon said he would fire any employee trading bitcoin for being «stupid», according to Bloomberg.

He compared bitcoin with the tulip bulbs and said it’s a fraud, predicting it’s blow-up in coming years. He said, trading bitcoin is against JPMC rules, besides it is plane stupid. Dimon said he’s skeptical authorities will allow a currency to exist without state oversight, especially if something goes wrong. “Someone’s going to get killed and then the government’s going to come down,” he said. “You just saw in China, governments like to control their money supply.”

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