In Num­bers Bit­coin fraud

The Irish Times - Business - - INTERVIEW - Laura Slattery


Per­cent­age drop in the value of cryp­tocur­rency bit­coin af­ter JP Mor­gan Chase chief ex­ec­u­tive Jamie Di­mon de­scribed it plainly as a “fraud” and “worse than tulip bulbs”.


Value that bit­coin might or might not reach be­fore it will “even­tu­ally blow up”, Di­mon said. “Don’t ask me to short it.”


Sum that “in­vestors” in bit­coin, which isn’t backed by any gov­ern­ment, should be pre­pared to get in re­turn for their stake as there are no guar­an­tees.

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