CEO of JP Morgan Jamie Dimon gave an interesting interview where he, among other things, claimed that Bitcoin “is a fraud” that will go down at some point.

Yeah, it’s that very bank that was one of the key participants in the financial crisis and then went through government bailout.

Seconds after the interview, hilarity ensued.

We’ve waited for a day to gather the juiciest reactions to Dimon’s statements on Twitter, Reddit, and Facebok and put together this list of the best reactions to the “Bitcoin is a fraud” claim by Jamie Dimon.

The full list is below, split into topical groups, dealing with

JP Morgan Chase background

(the full list of JP Morgan abuses comes handy):

The bank CEO (Jamie Dimon) who had to pay $13 billion for causing the housing crisis just called Bitcoin a fraud I’ve literally seen it all — Pomp 🌪 (@APompliano) September 12, 2017

My memory is failing, was it Bitcoin or was it JP Morgan that was bailed out by the government? https://t.co/DHqFzr5UJN — Erik Voorhees (@ErikVoorhees) September 12, 2017

Title of today’s post will be: Which is more fraudulent, Bitcoin or JP Morgan? — Michael Krieger (@LibertyBlitz) September 13, 2017

Jamie Dimon: “Bitcoin is a fraud” Bitcoin, genesis block: “The Times 3 Jan 2009 Chancellor on brink of second bailout for banks” — Nic◾⛓Carter (@nic__carter) September 12, 2017

So bitcoin is for JPMorgan — Paddy Popodopolus (@LordGamblore) September 13, 2017

Title of today’s post will be: Which is more fraudulent, Bitcoin or JP Morgan? — Michael Krieger (@LibertyBlitz) September 13, 2017

Dimon’s previous unsuccessful forecasts:

BREAKING: JPMorgan CEO Dimon Signals He Expects Clinton to Beat Trumphttps://t.co/sJANiUy2EL — NostradamRUSS (@NostradmRUSS) September 12, 2017

Charges, fines and other products of …actual fraud:

28.7 billion in fines since 2010 and bitcoin is a fraud? — Merritt Crawford (@MerrittCrawford) September 13, 2017

jamie dimon just called Bitcoin a fraud, hmm…its almost as if Bitcoin made predatory home loans then got a bailout and never went to jail — billy watson (@Billyisgreat123) September 12, 2017

Says the man who paid $30B in fines for his firm’s criminal activities since 2008, or half of Bitcoin’s market cap https://t.co/K4Rk1EC7DI — Michael Kimelman (@mikekimelman) September 13, 2017

JPMorgan is a fraud that already blew up and taxpayers bailed them out. — Miles Suter (@WahWhoWah) September 12, 2017

Asking a banker about bitcoin is like asking mailman about e-mail. PS Bitcoin never made predatory loans, got bailout, never went to jail — Oh, Hush! (@ohhushmusic) September 12, 2017

Hypocrisy of JP Morgan as a an actual Blockchain adopter:

JP Morgan CEO Jamie Dimon calls Bitcoin a fraud. There’s an Ethereum implementation on their Github. pic.twitter.com/YHV8mRLSQ9 — Ben Verret [NO2X] (@verretor)September 13, 2017

Someone should also remind him JP Morgan is a founding member of @EntEthAlliance — Max Galka (@galka_max) September 13, 2017

JP Morgan: Bitcoin is a fraud worse than tulips Also JP Morgan: pic.twitter.com/Nq42GniffY — CRYPTO CO฿AIN (@CryptoCobain) September 13, 2017

YET … they filed HELLA crypto currency related patents pic.twitter.com/Li3q51QCFs — barbie (@boobsnbitcoins) September 12, 2017

“We condemn in others what we fear most in ourselves.” – Plato — Jon Connelly (@JonConnelly) September 12, 2017

Possible plan to bring BTC price down to buy a lot:

This may be to try and hammer the price down because bitcoin is banging on the banks doors and many want a piece of it. — MGTOW.COM (@MGTOW) September 12, 2017

Many have interpreted Dimon’s bashing as a buy signal

coming from the fact that brick and mortar banks oppose the newer cryptocurrency technology as much as they can:

Title of today’s post will be: Which is more fraudulent, Bitcoin or JP Morgan? — Michael Krieger (@LibertyBlitz) September 13, 2017

Aww widdle Jamie seems awfully threatened. That simply means crypto is operating correctly. 🙂 — Mark Jeffrey (@markjeffrey) September 12, 2017

A banker, speaking at a banking conference, doesn’t like decentralized currency.🤦🏿‍♂️ Ya don’t say! 😂🤣 — Marvin Montgomery (@MontyATL) September 12, 2017

Since everyone is asking: I’m not sure why anyone cares what Jamie Dimon of @jpmorgan thinks about #Bitcoin? Remember the @blockbuster CEO! pic.twitter.com/ycN3qXRcNB — Tone Vays [#NO2X] (@ToneVays)September 13, 2017

This is like when oil companies call electric vehicles non environmentally safe. — Mr.404 (@_Polotech) September 12, 2017

Going long on bitcoin is going short on @jpmorgan and the like. There are no bailouts for you here, bankers. https://t.co/6PUDeRSAjl — Jameson Lopp (@lopp) September 12, 2017

>bitcoin undermines traditional currency and the banks

>bank says its a fraud

really gets my noggin joggin — Stutter (@SkepticStutter) September 12, 2017

JPMorgan lookin at Bitcoin like pic.twitter.com/a9J8ii3GAD — Zap Rowsdower (@jfoxdev) September 13, 2017

My reaction when I hear the top brass of @jpmorgan talk shit about bitcoin while they host bitcoin events.https://t.co/ElwzUXRXgc — Dank Meme Spec Ops (@AnalyzerX7) September 13, 2017

Dimon: “You can’t…invent a currency out of thin air & think that people who are buying it are really smart.” CB’s: Hold my beer… pic.twitter.com/QMwVp5Ayl5 — Luke Gromen, CFA (@LukeGromen) September 14, 2017

Bank CEOs to peasants: please stop trading cryptos and start buying stocks again — zerohedge (@zerohedge) September 12, 2017

What is your opinion on Dimon’s words? What’s his primary motivation? Share in the comments!

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