JP Morgan Chase CEO Jamie Dimon is back at it again.
“I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you’re stupid enough to buy it, you’ll pay the price for it one day,” Dimon said today at the Institute of International Finance conference.
“The only value of bitcoin is what the other guy will pay for it” he said, keeping with his long standing stance that it's all just hype.
Unphased by the fact he's the CEO of a company that needed $18 Billion (yes you're reading that right) in handouts from taxpayers because of their mismanaged investments in the 2008 financial collapse, Jamie keeps rambling away.
He has yet to explain how his ability to predict the future failed him when it comes to his own company.
But he insists, when it comes to bitcoin, this time, Jamie knows best.
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Author: Ross Davis
San Francisco News Desk
