After the Boss Calls Bitcoin a ‘Fraud’ — JP Morgan Buys the Dip

[sanjeev.lamani@]

Just recently news.Bitcoin.com reported on JP Morgan executive Jamie Dimon calling bitcoin a “fraud” and claiming he would fire any employee from his firm who traded the digital currency for being “stupid.” Now it seems JP Morgan has been caught red-handed purchasing a bunch of XBT shares, otherwise known as exchange-traded-notes, that track the price of Bitcoin.

After a Few Harsh Statements from Executive Jamie Dimon, JP Morgan Ltd., and Morgan Stanley Purchase Bitcoin ETNs

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

[no0dlepunk]

ROFL! Well, let us all hope that this news would reach everyone from the Bitcoin community. I assume that the banks have felt the huge impact since the bitcoin was accepted by people over them. The statement from Mr. Dimon was never surprising, anyway. Many people from this forum had considered the Bitcoin as bank's rival, therefore, expect the bankers to do whatever it takes to make the people think that the bitcoin isn't safe at all.