JPMorgan’s Dimon says bitcoin trading ‘is a fraud’

Sep 12, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

NEW YORK (Reuters) – Bitcoin trading “is a fraud” and will blow up, Jamie Dimon, chief executive officer of JPMorgan Chase & Co said on Tuesday.

Speaking at an investor conference in New York, Dimon also said JPMorgan’s third-quarter trading revenue will down about 20 percent from a year earlier, in line with analysts’ expectations.

Reporting by David Henry in New York

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