Bitcoin Price Drops After JPMorgan CEO Harsh RhetoricsteemCreated with Sketch.

in bitcoin •  7 years ago 

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JPMorgan Chief Jamie Dimon has proceeded with his hostile to Bitcoin talk saying it is "more terrible than Tulip Craziness" and just for "street pharmacists."

Talking at a New York meeting, Dimon, who is acclaimed for his Bitcoin feedback, included he would "fire in a moment" anybody at his firm exchanging the virtual cash.

"On the off chance that you were in Venezuela or Ecuador or North Korea or a cluster of parts that way, or in the event that you were a street pharmacist, a killer, stuff that way, you are in an ideal situation doing it in Bitcoin than US dollars," he included.

"So there might be a business opportunity for that, yet it'd be a restricted market."

Dimon may have responded to the different reports North Korea has utilized Bitcoin to assault the South, and in addition take its Bitcoins over a time of quite a long while.

Venezuela's life saver as Bitcoin installments and mining has additionally stood out as truly newsworthy over the previous year, as its national fiat money disintegrates so much it is worth not as much as Universe of Warcraft gold.
Typically, Dimon's edge in this way came in for disdain from those pointing out the unexpected shortcoming of fiat monetary standards()

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