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Bitcoin is a fraud that will blow up, says JP Morgan boss

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Jamie Dimon claims cryptocurrency is only fit for use by drug dealers, murderers and people living in North Korea Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea. Speaking at a conference in New York, the boss of Americas biggest bank said he would fire in a second anyone at the investment bank found to be trading in bitcoin. For two reasons: its against our rules, and theyre stupid. And […]
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