{"id":14668,"date":"2018-07-17T16:40:30","date_gmt":"2018-07-17T16:40:30","guid":{"rendered":"http:\/\/www.ceo-na.com\/?p=14668"},"modified":"2018-07-25T17:29:36","modified_gmt":"2018-07-25T17:29:36","slug":"cryptocurrency-will-blow-jamie-dimon","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/opinion\/cryptocurrency-will-blow-jamie-dimon\/","title":{"rendered":"&#8220;Cryptocurrency will blow&#8221;: Jamie Dimon"},"content":{"rendered":"<p><strong><em>The CEO of JPMorgan, Jamie Dimon, <\/em><\/strong><strong><em>gives<\/em><\/strong><strong><em> his thoughts on bitcoins.<\/em><\/strong><\/p>\n<p><!--more--><\/p>\n<p>A\u00a0Barclays Conference heard Jamie Dimon say cryptocurrency is a fraud.<\/p>\n<div id=\"attachment_14669\" style=\"width: 280px\" class=\"wp-caption alignright\"><a href=\"http:\/\/www.ceo-na.com\/wp-content\/uploads\/2017\/09\/j.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-14669\" class=\"size-full wp-image-14669\" src=\"http:\/\/www.ceo-na.com\/wp-content\/uploads\/2017\/09\/j.jpg\" alt=\"\" width=\"270\" height=\"330\" srcset=\"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-content\/uploads\/2017\/09\/j-245x300.jpg 245w, http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-content\/uploads\/2017\/09\/j.jpg 270w\" sizes=\"(max-width: 270px) 100vw, 270px\" \/><\/a><p id=\"caption-attachment-14669\" class=\"wp-caption-text\">James Dimon has been Chief Executive Officer and President since December 31, 2005. Image credit: JPMorgan Chase<\/p><\/div>\n<p>The chief executive officer for JPMorgan Chase spoke out, stating that trading bitcoins is \u201cstupid\u201d and \u201cwon&#8217;t end well\u201d.<\/p>\n<p>In his complete statement, the CEO took a shot, saying:<\/p>\n<p>&#8220;It&#8217;s worse than tulip bulbs. (referring to the boom of the tulip plant in 17<sup>th<\/sup>-century Europe) It won&#8217;t end well. Someone is going to get killed&#8221; (\u2026) &#8220;Currencies have legal support. It will blow up&#8221;, he said <a href=\"https:\/\/www.cnbc.com\/video\/2017\/09\/12\/jamie-dimon-governments-look-at-bitcoin-as-a-novelty.html\" target=\"_blank\" rel=\"noopener noreferrer\">according to CNBC<\/a>.<\/p>\n<p>Adding to his point, Dimon said that he would fire any trader that transacted bitcoin for stupidity and doing something that goes against the company rules.<\/p>\n<h6><\/h6>\n<p><strong>THE COST OF WORDS<\/strong><\/p>\n<p>Cryptocurrency is at an <a href=\"http:\/\/www.ceo-na.com\/business\/innovation-business\/bitcoin-reaches-time-high\/\" target=\"_blank\" rel=\"noopener noreferrer\">all-time high<\/a>.<\/p>\n<p>Investors in the most powerful economic offices in the world, like Wall Street, have embraced the use and future of bitcoins as one they need to put special focus on.<\/p>\n<p>During this year, an increase of about 350% has seen the popularity of Bitcoin rise, as large investors see it as a huge economic opportunity.<\/p>\n<p>However, Jamie Dimon\u2019s words took a toll\u00a0on the value of the cryptocurrency, as it traded at $4,106.23 afterwards, down 2 percent.<\/p>\n<p>For JPMorgan, Dimon&#8217;s words took a toll as the company\u00b4s stock fell but remained up 1.4 percent.<\/p>\n<h6><\/h6>\n<h6><strong>BITCOIN DOUBTERS<\/strong><\/h6>\n<p>Merrill Lynch, manager for Bank of America, has said that betting on the continuous rise of bitcoins meant entering \u201cthe most crowded\u201d trade.<\/p>\n<p>As for Robert Shiller, Nobel-winning author, he has claimed that bitcoins are a \u201cbubble\u201d very similar to the housing and tech bubbles that emerged in early 2007 and 2008.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO of JPMorgan, Jamie Dimon, gives his thoughts on  [&#8230;]<\/p>\n","protected":false},"author":8,"featured_media":14677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[253,353,351,352],"class_list":["post-14668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","tag-bitcoin","tag-cryptocurrency","tag-jamie-dimon","tag-jpmorgan"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/14668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=14668"}],"version-history":[{"count":6,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/14668\/revisions"}],"predecessor-version":[{"id":17227,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/14668\/revisions\/17227"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/14677"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=14668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=14668"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=14668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}