JP Morgan CEO Jamie Dimon received support from an unpredictable place today, Jordan Belfort, better known as “Wolf of Wall Street.”
Speaking with Thestreet Belfort said she agrees with Dimon’s view that Bitcoin is a scam: “I don’t think it’s a great choice.”
“I am not saying that cryptocurrencies in general are fraudulent. But in order to exist they have to get the support of some central government.”
He also added:
“Sooner or later, a central bank or a consortium will issue its own cryptocurrency and that’s what’s going to be held.”
He continued his critique by addressing the cybersecurity risks posed by protecting Bitcoin and the technology underlying cryptocurrencies rather than any central authority or institution in the system. I’m not telling. But what I’m saying is that one has to be careful about investing too much money in things that can disappear very quickly.” He said and finished his words.
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