What Jamie Dimon Doesn’t Understand About Bitcoin

What Jamie Dimon Doesn’t Understand About Bitcoin
On Monday, speaking at an event hosted by the Institute of International Finance, JPMorgan Chairman and CEO Jamie Dimon once again said the outlook for bitcoin is grim. At various times in the past Dimon has gone on record calling bitcoin “fool’s gold” and “a fraud.” Dimon doesn’t understand.“I personally think that bitcoin is worthless,” Dimon, “the bellwether of the Davoisie,” said most recently of the $1 trillion asset, the first cryptographically-derived currency that has kick-started an industry working to reinvent money, the internet and, yes, banks.This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal…