Archive | jpmorgan

JPMorgan Clients Purchase Bitcoin in Stock Market Despite CEO’s Warnings

Earlier this week, JPMorgan CEO Jamie Dimon released a controversial statement at a banking industry conference organized by Barclays, condemning bitcoin and threatening to fire portfolio managers within JPMorgan who have been trading bitcoin. Despite the warning, according to sources JPMorgan Securities Ltd. purchased massive amounts of bitcoin through Swedish Bitcoin exchanges when the price […]

JPMorgan’s Jamie Dimon Slams Bitcoin As “Fraud”

Speaking at an investor conference in New York on Tuesday, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon blasted Bitcoin in a series on damning statements. Calling the cryptocurrency a “fraud” that’s “worse than tulip bulbs”, he went on to say he’d fire any employee trading Bitcoin “in a second”. He gave the following […]