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Jamie Dimon Slams Bitcoin as a ‘Fraud’

24 点作者 ajr0超过 7 年前

13 条评论

sillysaurus3超过 7 年前
<i>Dimon compares bitcoin to tulip mania, predicting a collapse<p>Still, he says, it’s a good option for murderers, drug dealers</i><p>An unbiased, balanced outlook.<p>Meanwhile, fewer and fewer people can afford a whole coin.<p>I think now would be a nice time to buy. The best time is after a crash, so articles like this are usually a leading indicator that we may be bottoming out of the current slide.<p>Even if Bitcoin is nothing more than tulip mania, tulip mania caused a vast transfer of wealth. You won&#x27;t lose if you don&#x27;t play, but you won&#x27;t win anything either.<p>If you think it&#x27;s going to continue going down, put some money on that! It&#x27;s pretty easy to put in a short sell and test your hypothesis. But people tend to ignore that.
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kafkaesq超过 7 年前
&quot;Fraud&quot;? Like he&#x27;s one to talk:<p><a href="https:&#x2F;&#x2F;www.theguardian.com&#x2F;business&#x2F;2014&#x2F;jan&#x2F;07&#x2F;jp-morgan-bernie-madoff-settlement-fine" rel="nofollow">https:&#x2F;&#x2F;www.theguardian.com&#x2F;business&#x2F;2014&#x2F;jan&#x2F;07&#x2F;jp-morgan-b...</a><p><a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2015&#x2F;12&#x2F;19&#x2F;business&#x2F;dealbook&#x2F;jpmorgan-to-pay-307-million-for-steering-clients-to-own-funds.html" rel="nofollow">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2015&#x2F;12&#x2F;19&#x2F;business&#x2F;dealbook&#x2F;jpmorga...</a><p><a href="https:&#x2F;&#x2F;consumerist.com&#x2F;2016&#x2F;01&#x2F;05&#x2F;jpmorgan-chase-fined-48-million-for-failing-to-comply-with-robosigning-settlement&#x2F;" rel="nofollow">https:&#x2F;&#x2F;consumerist.com&#x2F;2016&#x2F;01&#x2F;05&#x2F;jpmorgan-chase-fined-48-m...</a>
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mhluongo超过 7 年前
This just in, banker calls competitor a fraud. No reason to question this.<p>Loved his past employer&#x27;s take. <a href="https:&#x2F;&#x2F;twitter.com&#x2F;agurevich23&#x2F;status&#x2F;907692985424371712" rel="nofollow">https:&#x2F;&#x2F;twitter.com&#x2F;agurevich23&#x2F;status&#x2F;907692985424371712</a>
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taneem超过 7 年前
I think to be fair, he said two things:<p>1. There is no way governments will just let an unregulated currency take over in a meaningful way.<p>2. Thus, the current Bitcoin rally is simply speculation and is being driven up by those who will profit the most from it (which is fraudulent in the way the Tulip mania was fraudulent).<p>I get that he&#x27;s the CEO of the horse and buggy company dismissing cars, but I don&#x27;t think he was that tone deaf.
ZenoArrow超过 7 年前
No comments made about why Bitcoin is a fraud, just some lazy comparisons to past speculation bubbles.<p>That said, I&#x27;m not really sure why Bitcoin is growing so rapidly at the moment. Part of me wonders whether it&#x27;s being fueled by a bidding war to become the top trader, to have greater control over pricing of the blockchain, but that&#x27;s just idle speculation, I really have no idea. If the technical issues that hold back scaling were solved, then I could understand it, but at the moment the trading behaviour just looks bizarre.
ChrisClark超过 7 年前
Meanwhile, JP Morgan is a big investor in Ethereum, has built Quorum, the private chain version of Ethereum and is a big player in the Enterprise Ethereum Alliance.<p>But Dimon probably still would say Ethereum is a fraud too, it&#x27;s strongly implied by his Bitcoin comments. He&#x27;s talking about the whole cryptocurrency market, not just Bitcoin.
lend000超过 7 年前
&gt; Dimon later noted that his daughter purchased some bitcoin.
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psyc超过 7 年前
I know it&#x27;s been discussed to death, but whatever. I like talking about cryptocurrency. Satoshi acknowledged that Bitcoin&#x27;s value would need to be bootstrapped by hope and self-fulfilling prophesy. That already succeeded. Now it&#x27;s a rare, conserved commodity, that is digital, and can be transmitted around the globe. Seems valuable to me on that basis alone. Supply is essentially fixed. Demand is likely to increase. Speculation will continue to add significant volatility for the foreseeable future.
dv_dt超过 7 年前
Or bitcoin happens to be eating into a market which wants to effect transfers of wealth between currencies and&#x2F;or nations - something which wealthy clients might normally call up a large bank to handle... an example of automation eating (finance industry) jobs?
sxates超过 7 年前
&quot;I&#x27;m skeptical of things I don&#x27;t understand.&quot;
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rmason超过 7 年前
I think Fred Wilson when asked by a reporter about Jamie Dimon&#x27;s comments said it best:<p>&quot;You have to have an open mind to be able to see the future&quot;
neo4sure超过 7 年前
Can we slam Jamie Dimon a fraud &#x2F; contributor to the financial colapse. Why is he not in jail?
djschnei超过 7 年前
of coursssssse he did....