JPMorgan & Chase (NYSE:JPM) CEO Jamie Dimon is among the finance executives who have vocally opposed the cryptocurrency sector over the years.
While Dimon’s stance has changed slightly with JPMorgan now owning Bitcoin through ETFs, his comments about the death of the cryptocurrency sector live on.
What Happened: Dimon likely made some enemies in the cryptocurrency sector with his statements seven years ago.
While speaking at the Barclays Global Financial Services Conference on Sept. 17, 2017, Dimon didn’t hold back with his criticism of Bitcoin (CRYPTO: BTC) and the cryptocurrency sector.
Dimon referred to Bitcoin as being “stupid” and “dangerous” and went as far to label the leading cryptocurrency as fraud. The JPMorgan executive also said that if he caught any of his company’s employees buying or selling Bitcoin, he would “fire them in a second.”
“It’s against our rules, and they’re stupid. And both are dangerous,” Dimon said at the time, as reported by Bloomberg.
During his speech, Dimon predicted …
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