Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
kleinbl00 · 1868 days ago · link · · parent · post: Jamie Dimon, 2017: "Bitcoin is a fraud". Jamie Dimon, 2019: "And here's our new stablecoin."
Because they drove the price down In the wake of his speech, some observers, including Bloomberg, noted that bitcoin prices started to fall after Dimon’s remarks. And then bought the dip. People, including me, are linking to his comments because he's a two-faced fuckhead abusing his position of power to manipulate markets to his own financial advantage, while calling out cryptocurrency markets as easily manipulatable by people other than Jamie Dimon. Fight me.Dimon later added that the cryptocurrency “will blow up,” according to CNBC. It was also during that appearance that said that he would terminate any trader that he found to be trading bitcoin for being “stupid.”