JP Morgan Chase CEO: Bitcoin a "Terrible Store of Value"
Flickr/Fortune Live Media. The CEO of JP Morgan Chase - a major financial institution - has made some, shall we say, controversial remarks on bitcoin. Primarily because he's demonstrated in several sentences he knows very little about it. "It's a terrible store of value. It could be replicated over and over," Jamie Dimon said to CNBC. "It doesn't have the standing of a government." We normally try to stand objectively. But this is complete silliness. Mr. Dimon, do understand bitcoin does not simply get "replicated over and over". On the contrary, that's what happens with the United States....
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