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Here He Goes Again - Bitcoin is ‘Hyped-Up Fraud’ Says JPMorgan’s Jamie Dimon, But Blockchain is ‘Deployable’

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Despite the ongoing challenges in the cryptocurrency market, enthusiasts of digital assets are convinced that the future is bright for the sector.

Recently, the value of Bitcoin has shown signs of resurgence with a notable hike in its price over the past few weeks, following a difficult start to 2023.But not everyone holds this same positive outlook, including the CEO of JPMorgan Chase, Jamie Dimon.

At a recent World Economic Forum (WEF) interview with CNBC, he made harsh public statements on his perspective of Bitcoin and the crypto industry."I think all that is a waste of time, and why you guys waste any breath on it is beyond me," said Dimon in the interview on the sidelines of the WEF.

Dimon. "Bitcoin itself is a hyped-up fraud. It's a pet rock."This is not the first time that Dimon has publicly shared his skepticism towards the crypto industry.

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