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    JP Morgan’s CEO is wrong: bitcoin is here to stay | Dominic Frisby

    Would Jamie Dimon really sack traders who netted a 1,000% return in less than two years? The bank’s shareholders wouldn’t approve
    by Dominic Frisby Sep 15, 2017 3 minutes
    ‘If bitcoin were going to disappear, it would have disappeared by now. It’s here to stay.’ Photograph: Bobby Yip/Reuters

    It is a “fraud”, the JP Morgan CEO, Jamie Dimon, said this week. “It’s worse than tulip bulbs … it will be the emperor with no clothes”. He was talking about the internet cash system bitcoin.

    It will eventually “blow up”, he said, it’s not a “real thing”. “It will be closed.” Any JP Morgan trader caught buying or selling bitcoins will be “fired in a second” – for “being stupid”, he added.

    will always divide opinion – as a non-government system of money, inevitably so. Its most ardent supporters think it will

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