JPMorgan CEO Jamie Dimon has been publicly dismissive of bitcoin, calling it a "fraud" that will not survive. "It's just not a real thing, eventually it will be closed," Dimon said at the Delivering Alpha conference in September presented by CNBC and Institutional Investor. "It won't end well. Someone is going to get killed."
But Bart Stephens, the co-founder and managing partner of San Francisco-based venture capital firm Blockchain Capital, recently slammed Dimon's remarks as hypocritical and ignorant.
"While Jamie Dimon was making those comments, I was an invited speaker at JP Morgan's offices in San Francisco to give a talk with other fund managers and clients of JP Morgan who are really curious about cryptocurrencies and the underlying blockchain technology," says Stephens, speaking with Fortune's Term Sheet newsletter.
"So there's a lot of hypocrisy going on with Jamie Dimon," he says.The Source!
So people in the Bitcoin community are vindicated when we called this man as just another hypocrite who is not really worthy of trust and attention. And indeed he is exposed later as just another game manipulator who was actually one of the many responsible financial leaders in the 2008 economic malaise. The market should stop listening and be swayed by people like 'Demon' whose intentions are really questionable, to say the least.
