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