From 'fraud' to 'bubble': Wall Street sizes up Bitcoin
The CEO of JPMorgan Jamie Dimon said bitcoin "is a fraud" and it will blow up. "The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really...more
BlackRock CEO Larry Fink labeled the cryptocurrency as a mean for money laundering: "Bitcoin just shows you how much demand for money laundering there is in the world," CNBC quoted Fink as saying. REUTERS/Lucas Jackson
Goldman Sachs CEO Lloyd Blankfein tweeted that he was keeping an open mind on bitcoin: "Still thinking about #Bitcoin. No conclusion - not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold." REUTERS/Brendan...more
Credit Suisse Chief Executive Tidjane Thiam was skeptical about the bitcoin "bubble": "Bitcoin presents a number of challenges... I think most banks in the current state of regulation have little or no appetite to get involved in a currency which has...more
In 2014, billionaire investor Warren Buffett told CNBC that bitcoin was a "mirage" and warned investors to "stay away from it." REUTERS/Rick Wilking
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