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Dimon Doubles Down: “My Daughter Bought Bitcoin. It Went Up, Now She Thinks She Is A Genius”

Having slammed bitcoin earlier in the day during a Barclays financial conference, calling it a “fraud” which is “worse than tulip bulbs, it won’t end well” and that any JPMorgan “trader trading bitcoin” will be “fired for being stupid”, the JPM CEO doubled down later in the day during an interview on CNBC’s Delivering Alpha conference, saying bitcoin “is just not a real thing, eventually it will be closed.”

Making the bitcoin advocates’ case for them, Dimon said he’s skeptical authorities will allow a currency to exist without state oversight, especially if something goes wrong. “Someone’s going to get killed and then the government’s going to come down,” he said. “You just saw in China, governments like to control their money supply.” …

This post is from zerohedge.com/fullrss2.xml/news/italy-miss-gdp-forecast-sees.. Click here to read the full text

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