Wellness

JAMIE DIMON: Bitcoin is a fraud that's 'worse than tulip bulbs'

7 monthes ago   |   By

Markets Insider JPMorgan CEO Jamie Dimon says bitcoin is worse than the most famous asset bubble in history.
The cryptocurrency is "worse than tulip bulbs ," Dimon said at a Barclays Conference on Tuesday, according to Bloomberg. That's a reference to the arrival and boom of the tulip plant in 17th-century Europe. Its market boomed as people speculated on its price, and it all ended in panic selling.
He added that "it's a fraud" that would eventually blow up.
Bitcoin has rocketed more than 350% this year while exploding in popularity, particularly in Asia. This rally "won't end well...
Read more ...

 


Search by Tags

   Wellness      Asia      Europe      History      Jamie Dimon      Bitcoin  


Amazon spikes to an all-time high after crushing earnings

Amazon spikes to an all-time high after crushing earnings

Markets Insider Amazon reported first-quarter earnings that crushed expectations on Thursday. The stock spiked to an all-time high, up more than 7%, on the results. Follow... Read more ...

Tourism Minister describes ATM 2018 as a key platform for Egypt

Tourism Minister describes ATM 2018 as a key platform for Egypt

The newly elected Tourism Minister of Egypt, Dr. Rania Al-Mashat took part in Arabian Travel Market 2018 in Dubai for the first time and explained the trade show as a thriving... Read more ...

Bill Cosby has been found guilty of drugging and sexually assaulting a woman

Bill Cosby has been found guilty of drugging and sexually assaulting a woman

Associated Press/Matt Rourke A Norristown, Pennsylvania, jury has found Bill Cosby guilty of drugging and sexually molesting Andrea Costand in 2004, according to the Associated... Read more ...

Four Seasons Hotel New York Downtown Celebrates Mother's Day

Four Seasons Hotel New York Downtown Celebrates Mother's Day

The Spa at Four Seasons Hotel New York Downtown is partnering with iconic UK brand Soveral. Founded in London in 2005 by Alexandra Soveral, Soveral was established as a unique... Read more ...

Trump reportedly called Michael Cohen to complain after he saw the lawyer...

Trump reportedly called Michael Cohen to complain after he saw the lawyer eating breakfast with Mark Cuban

Kevork Djansezian/Getty Images President Donald Trump reportedly complained to his lawyer, Michael Cohen, about him having breakfast with billionaire Mark Cuban. Cuban told The... Read more ...

New survey shows consumers are wary of smart home devices invading their privacy

New survey shows consumers are wary of smart home devices invading their privacy

This story was delivered to Business Insider Intelligence IoT Briefing subscribers hours before it appeared on Business Insider. To be the first to know, Read more ...

12 people you will probably see at Prince Harry and Meghan Markle's wedding

12 people you will probably see at Prince Harry and Meghan Markle's wedding

Chris Jackson/Getty Images The guest list for the royal wedding has been finalized and everyone is curious to know exactly who is on it. Serena Williams and Priyanka Chopra are... Read more ...

10 ways you can make your coffee habit actually healthy

10 ways you can make your coffee habit actually healthy

Mohammad Khursheed/Reuters A coffee addiction can have drastic effects on your body, but there are ways to manage it in a healthy manner. Coffee shouldn't be the only breakfast... Read more ...

Trump showed up late to Michael Cohen's son's bar mitzvah - then humiliated...

Trump showed up late to Michael Cohen's son's bar mitzvah - then humiliated him in front of all the guests

Richard Drew/AP President Donald Trump reportedly humiliated his longtime lawyer Michael Cohen at his son's bar mitzvah in 2012. Trump showed up late to the bar mitzvah and... Read more ...

LIVE: Microsoft shares take a 2% hit after announcing a big beat on earnings

LIVE: Microsoft shares take a 2% hit after announcing a big beat on earnings

Getty/Mark Wilson Microsoft announced its quarterly earnings after the bell. Shares in the software titan are trading at about 2% lower after the numbers crossed. Here are the... Read more ...