Former Wall Street mogul and billionaire bitcoin investor Mike Novogratz has called Jamie Dimon a ‘rent-taker’ who will lose the fight against the ‘cryptorevolution’ led by cryptocurrencies like bitcoin and blockchain technology.
Retired Wall Street macro fund manager Michael Novogratz has offered his opinion on JPMorgan Chase chief Jamie Dimon’s much-publicized recent comments on bitcoin. Dimon called bitcoin a ‘fraud’, threatened to fire any employee trading bitcoin and more recently, said ‘stupid’ bitcoin buyers will pay the price for adopting the cryptocurrency.
In an interview with Bloomberg, Novogratz said Dimon’s position as a banker affords him no choice but to belittle bitcoin. The oncoming crypto-tide, the former Wall Street giant said, is one that’s going to wash over the banking industry.
Billionaire Novogratz, who revealed he holds 10% of his money in Bitcoin & Ether, stated:
"Jamie Dimon gets paid to worry about bitcoin because he’s a rent-taker. The decentralized revolution is about going after the rent-takers. His bank is in the crosshairs of the cryptorevolution. So he’s playing defense. He’s going to lose."
Full story at http://bit.ly/2xOy07t
Source: CryptoCoinsNews
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