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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