Bitcoin Drops 8% After Jpmorgan’s Jamie Dimon Calls It A

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When Jamie Dimon called bitcoin a “fraud” in September, it dropped 8%.

Jamie Dimon isn’t the only Wall Street bigshot who hates cryptocurrencies. But like a lot of things with Wall Street, you should take what they say with a grain of salt. In a moment, I’ll unveil the new narrative coming out of Wall Street and why you need to act now, before it reaches the masses. Your FREE 6.

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When Jamie Dimon called bitcoin a “fraud” in September, it dropped 8%. But as Palm Beach Confidential analyst Greg Wilson shows us today, these Wall Street giants are changing their tune. And that could send the whole market soaring, sooner than you expect.

By Greg Wilson, analyst, Palm Beach Confidential

13 Sep 2017.

His comments helped fuel a sell-off of the digital money, with bitcoin's price sinking below the $4,000 mark on Wednesday after shedding around.

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12 Sep 2017.

JPMorgan Chase & Co.

Dimon compares bitcoin to tulip mania, predicting a collapse. Still, he says, it's a good option for murderers, drug dealers.

Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for.

and CEO, Ed Tilly, defended such efforts after Dimon's remarks.

13 Jun 2020.

JPMorgan, one of Wall Street's biggest banks and up until recently an.

just under $10,000 per bitcoin, has added around 30% since the beginning of.

the bitcoin network cut by half in May—dropping from 12.5 bitcoin to 6.25.

a lengthy vetting period and it's emerged JPMorgan CEO Jamie Dimon has.