“Jamie Dimon says if you’re ‘stupid’ enough to buy bitcoin, you’ll pay the price one day” – CNBC | $5,128.05

Last updated on October 14th, 2017 at 02:35 pm

“I could care less about bitcoin…. I don’t personally understand the value of something that has no actual value. You all can do whatever you want and I don’t care….. If you’re stupid enough to buy it, you’ll pay the price for it one day. I’ve also told people that it can trade at $100,000 before it trades to zero. The only value of bitcoin is what the other guy’ll pay for it. Who cares about bitcoin? The world economy’s so big, JPMorgan alone, $6 trillion, we move all this money, and bitcoin in total, all these currencies, $50 billion dollars, maybe a billion dollars trades a day.

The other thing I’ve always [said]about bitcoin, governments — and this is not a technological statement — governments are going to crush it one day.”

Eulogy made by Jaime Dimon


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