Bitcoin is a hyped-up fraud, it’s a pet rock: JP Morgan, JPM, CEO Jamie Dimon

‘Bitcoin is a hyped-up fraud, it’s a pet rock’ JP Morgan, $JPM, CEO Jamie Dimon has said.

He also said: “How do you know it [Bitcoin] is going to stop at 21 million? Maybe it’s going to get to 21 million, and Satoshi’s picture is going to come up and laugh at you all.”

His full quote: I think all that’s been a waste of time and why you guys waste any breath on it it’s totally beyond me,” Dimon said. “Bitcoin itself is a – is a hyped up fraud. It’s a pet rock.”

“I don’t care about Bitcoin. We should drop the subject," he said.