JPM CEO Jamie Dimon After Awkward CNBC Interview: ‘Drop The Subject’

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The Street

By Rob Lenihan The JPMorgan Chase CEO slams bitcoin as a ‘hyped-up fraud’ and criticizes regulators for not putting a stop to it ‘long ago.’ Ask Jamie Dimon what he thinks about cryptocurrency and you’re going to get a straight answer. “I think all that’s been a waste of time and why you guys waste any breath on it is totally beyond me,” the JPMorgan Chase CEO said on CNBC’s Squawk Box on Jan. 19. “Bitcoin itself is a hyped-up fraud, it’s a Pet Rock…it doesn’t do anything.” “I don’t care about Bitcoin,” Dimon finally declared, “so we should drop the subject.” For the younger folks out there,…

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