JPMorgan chief dismisses Bitcoin as 'a fraud' currency, ideal for drug dealers and murderers

Speaking at a banking conference in New York, Jamie Dimon -- chief executive of JPMorgan -- has dismissed the cryptocurrency Bitcoin as a fraud that will blow up. He said that if he found employees at his investment bank using the digital currency, he "would fire them in a second." Dimon likened Bitcoin to tulip bulbs and said: "The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart." See also: AlphaBay Market disappears from the dark web as… [Continue Reading]