“JPMorgan’s top quant strategist, echoing CEO, compares bitcoin to ‘pyramid scheme'” – CNBC | $3,606.08

Last updated on January 2nd, 2018 at 12:00 am

JPMorgan’s top quant strategist backed his boss this week in bashing bitcoin, warning that the cryptocurrency is likely a “pyramid scheme.”…

“It’s not worth it to look at bitcoin two months, two weeks ahead,” Lee argued, saying he still believes each bitcoin will be worth $25,000 in five years.

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